Web1 day ago · In the income tax return, all sorts of properties are taxed under the head income from house property. The Income Tax Act of 1961 governs property tax as well as other indirect taxes... Web8 rows · Jun 8, 2024 · GST was introduced as one indirect tax for the entire country, and cascading of many taxes is ...
New GST rule for these businesses from May 1, 2024
WebIf you are incorporated, you may already have a BN and a corporate income tax account. To set up a BN, a GST/HST account, and any other account you may need (such as a payroll deduction or import/export account), use our online service at Business Registration Online – What you can do, or send Form RC1, Request for a Business Number and ... WebPlan, pay and file Income Tax, GSTR or TDS Return online in India. Connect with a tax expert online for filing ITR, GST or TDS return and get maximum refund. high speed internet suppliers
Goods and Services Tax
WebJun 21, 2024 · For example, there is a purchase invoice for INR 10,000 and 18% GST (i.e. 9% CGST and 9% SGST/UTGST in case of Intra-State or Intra-Union Territory transaction or 18% IGST in case of Inter-State transaction) has to be charged and Income Tax TDS @10% also to be charged. GST calculation will appear in the Fact Box, as following : WebApr 6, 2024 · An 18% GST rent on residential flats is charged from the landlord on such rental income under this regime, if the rent amount per year exceeds Rs 20 lakh. In this case, landlords have to register themselves, to pay the GST on their rental income. On letting-out of commercial properties, a GST at 18% is levied. Web2 days ago · Under Goods and Services Tax (GST) law, e-invoicing for business-to-business (B2B) transactions was made mandatory for companies with turnover of over Rs 500 … how many days is in 40 hours