Income tax slab rates in India – AY 2016-17 (FY 2015-16) Income tax slab rates are decided and governed by Income Tax Act 1961 and are subject to change every year. Here are the income tax slab rates for the […]
What is the Presumptive Taxation Scheme? The Presumptive Taxation Scheme under the Income Tax Act, 1961, simplifies tax compliance for small businesses, professionals, and individuals by calculating taxable income on a presumptive basis rather than actual profits. Introduced under Section […]
“7 must-do’s before 31st March-A quick checklist” We all are aware that end of the financial year 17-18 is approaching. 31st March, 2018 is an important date to remember for individuals and taxpayers in India as it is the deadline […]
Reverse Charge Mechanism under Service Tax Laws Here is a complete overview of the service tax reverse charge mechanism. Let us explain it in detail. Know when and where it is applicable. The post gives you full details on the […]
