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FAQ's on VAT
Q. What is Value Added Tax (VAT)? A. VAT is a multi-point tax on value addition which is collected at different stages of sale with a provision for set-off for tax paid at the previous stage/tax paid on inputs. Q. What is meant by 'Sale
What Constitutes Salary Income?
Income from Salary WHAT CONSTITUTES SALARY INCOME?"Salary" is the remuneration received by or accruing periodically to an individual for service renderedas a result of expressed or implied contract.Compensation or remuneration even in the f
FAQ on Mutual Funds
IntroductionDifferent investment avenues are available to investors. Mutual funds also offer good investment opportunities to the investors. Like all investments, they also carry certain risks. The investors should compare the risks and expected yiel
Dos and Dont's for ITR-V
Dos and Dont's for printing and submitting of ITR-Vs to ITD-CPC Bangalore Please use Ink Jet /Laser printer to print the ITR-V Form. The ITR-V Form should be printed only in black ink. Do not use any other ink option to print ITR V. Use of D
Making Limited Liability Partnerships a reality in India
Making Limited Liability Partnerships a reality in India The Limited Liability Partnership Bill was passed by the Parliament in December, 2008 and received assent of the President in January, 2009. The Limited Liability Partnership Act, 2008 was not
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