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THE IMPACT OF GST (GOODS AND SERVICES TAX) IN INDIA.
by krutika zala
- 5 year ago |  2985
author
  • WHAT WILL BE EXPENSIVE
  • EATING OUT:The service tax and VAT is expected to be approximately 20%.
  • PHONE BILLS: After implementation of GST, internet packs and call rates are likely to get higher.
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Goods And Service Tax (GST)
by Dipen Patel
- 5 year ago |  2863
author
  • Goods and Services Tax (GST) is an indirect tax throughout India to replace taxes levied by the central and state governments.
  • It was introduced as The Constitution (One Hundred and First Amendment) Act 2017.
  • The Goods and Services Tax (GST), India's biggest tax reform in 70 years of independence, was launched at midnight of 30 June 2017 by PM Narendra Modi.
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Tax deductions under section 80c
by Jigar Solanki
- 4 year ago |  2067
author
  • Section 80c of the Income tax act allows tax deductions upto 1.5 lacs per year and the investment options are given below:
  • Public Provident Fund or PPF which has locking period of 15 years.
  • Employee Provident Fund or EPF which also has locking period of 15 years.
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10 Income Tax Rules That Will Change from April 1, 2018 in India
by Kushal Soni
- 4 year ago |  3358
  • 1) Rs 40,000 standard deduction introduced: This additional deduction has been proposed in place of existing deductions of Rs. 19,200 for transport allowance an
  • 2) Higher cess: Cess on income tax was raised to 4 per cent from 3 per cent for individual taxpayers on the amount of income tax payable.
  • 3) Long-term capital gains tax on equity investments: A new 10 per cent tax (cess extra) will be applicable on capital gains exceeding Rs 1,00,000
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