What is referral income and how is it taxed Referral income refers to the commission or incentive received by an individual for referring someone or a business to another individual or company. Referral income form of income is commonly earned by professionals in the sales or marketing field and it is taxed. To visit https://www.gst.gov.in/… Read More »
Which state does not accept GST in India? User Intent Users searching for this topic likely want to know if any state in India has rejected the Goods and Services Tax (GST) and the reasons behind it. This article will provide a detailed breakdown of the issue, covering its definition, applications, benefits, limitations, and comparisons.… Read More »
Introduction Salt is one of the most essential commodities in daily life, used in cooking, food preservation, and even industrial applications. Given its significance, a common question arises: Are we paying tax for salt in India? This article explores the taxation policy on salt, its benefits, limitations, applications, and other related aspects. Definition Salt, chemically… Read More »
Introduction India has a mixed economy, balancing state control with private sector participation. However, certain sectors remain restricted or entirely closed to private firms due to strategic, economic, and national security concerns. This article provides an in-depth understanding of these restricted sectors, their significance, and their impact on the economy. Definition Restricted sectors for private… Read More »
