CBDT releases Direct Tax Statistics Constant growth indirect tax-GDP ratio over last three years Growth of more than 80% in the number of returns filed in the last four financial years Number of persons filing return of income has also increased by about 65% during this period from 3.31 crore in FY 2013-14 to 5.44 crore in FY 2017-18 <p st..
Power to tax is an inherent sovereign power of any government but in India a limitation is made under article 265 of the Constitution of India..
Accounting Policy, Software, Tax Returns, Financial Reports..
Sec 145, ICDS, Accounting Standards, Companies Act Sec 129, 133..
Exemption from Tax, under reporting, cash transactions, tax evasion..
The data recently released by the government stating that only 1.25 cr Indian (individuals) pay income tax, that is, only 1%. It seems obvious to conclude that ..
Analysis of Compliance requirements of eCommerce portals and other important aspects under Goods and Service Tax aka GST regime...