Simplified Laws Guide to Taxation and Legal Concern

Cost To Company (CTC) is the gross salary offered by a company to its employees. CTC was not a popular jargon of old India. The new generation companies, Multi National Companies (MNC) use this jargon quite often. The employees will find it hard to digest the fact of getting a …

  “Ultimately, TARC’s consultations led to the conclusion that the tax system is not only complicated, confounding and contradictory, it is also affected by corruption, inefficiency and incompetence. Even ordinary taxpayers need to hire a tax consultant for tax payment, which costs them money, and, therefore, they become willing tax …

  The report submitted by Tax Administration Reforms Committee (TARC) on 30th November 2014 to the Finance Minister has recommended levying many more taxes. On the one hand, the Government is trying to bring in a unified indirect tax system (GST) and on the other hand, the expert committee is …