Capital income Vs Capital Gains Capital gains and capital Income are two different concepts in the field of finance. It’s refers to any income earned from capital assets, such as interest income from bonds, dividends from stocks, or rental income from a property. Capital income is typically earned as a regular income stream and… Read More »
Statutory authority Statutory authority under the GST law to check unfair profiteering activities is the National Anti-Profiteering Authority (NAA). The NAA is a quasi-judicial body that was set up under the GST Act to ensure that the benefits of GST rate reductions and input tax credit are passed on to the end consumers by the… Read More »
Understanding One Time Tax “One Time Tax” does not have a universally defined meaning and can vary depending on the context. However, in general terms, understanding One Time Tax typically refers to a tax that levy only once on a specific transaction or event. For instance, during the purchase of a property, you may encounter… Read More »
