Indirect and Direct Tax Indirect and Direct tax is a type of tax that is imposed on the income or wealth of an individual or entity. It is called “direct” because the tax is levied directly on the person or entity that is liable to pay it. The tax liability cannot be shifted to… Read More »
The Advantage of Section 194J Tax Deduction Scheme Over Section 192 The Advantage of section 194J tax deduction scheme over Section 192: Tax deduction at source (TDS) is an important aspect of the Indian tax system, aimed at ensuring timely collection of taxes. While both Section 194J and Section 192 are key sections of the… Read More »
GST and Income Tax It follows a consumption-based model, where tax is collect at each stage of the supply chain, from the manufacturer to the end consumer. GST replaces multiple indirect taxes such as excise duty, service tax, and VAT, with the objective of establishing a unified market throughout the country… Read More »
