Applicable GST GST extra as applicable” indicates that the price mentioned for a product or service does not include the Goods and Services Tax imposed by the government. The GST amount will add separately to the quoted price, and the final price will include in it. So the GST amount will add to the quoted… Read More »
Pink tax Pink tax is a term used to describe the extra amount that women are charged for certain products or services that are marketed specifically to them, compared to similar products marketed to men. This can include items such as clothing, personal care products, and healthcare services. Pink tax is not a separate… 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 »
Difference Between Income tax and income tax return Difference between income tax and ITR, income tax is a form of taxation impose by the government on the earnings of individuals, businesses, and other entities within a given financial year. It operates under a progressive tax system, where the tax rate rises as the income level… Read More »
Difference between ITR and TDS ITR (Income Tax Return) and TDS (Tax Deducted at Source) are distinct concepts related to income tax in India. ITR refers to the document filed annually by individuals or entities with the Income Tax Department. It includes the declaration of their income earned during a financial year, deductions claimed, and… Read More »
Difference between TDS and Form-16 Difference between TDS and Form-16, Tax Deducted at Source and Form 16 are related to each other, but they are different concepts. Tax is the tax amount that is deduct by the person responsible for making the payment (the deductor), at the time of making the payment, from the income… Read More »
