Simplified Laws Guide to Taxation and Legal Concern

I often used to visit the JDGFT office for following up on a IEC status. Client used to have a lot of issues without having allotted the IEC. The process involved was very lengthy, tedious. In the era of online world, obtaining an Import export code was in a manual …

Section 234E of the Income-tax Act, 1961 inserted by the Finance Act, 2012 provides for levy of a late filing fee of Rs. 200/- for each day’s delay in filing the statement of Tax Deducted at Source (TDS) or Tax Collected at Source (TCS). The provision for Levy of Late filing fee was introduced …

Question 1.What is GST? How does it work? Answer: GST is one indirect tax for the whole nation, which will make India one unified common market. GST is a single tax on the supply of goods and services, right from the manufacturer to the consumer. Credits of input taxes paid …