Articles, tagged with "direct taxes", page 1
Income Tax Software Solutions
The process of income tax filing in India involves submission of income tax return along with relevant documents declaring yearly income of the individual or company. The process of income tax filing in India is governed by the Ministry of Finance. Now th...
How Tax Codes Are Made Up
Are you confused about Sales Tax Items and Sales Tax Codes in QuickBooks? I was too! It took me forever to finally figure out what they actually did, how to get the sales tax liability report to look right, and where they showed up on that report. After r...
Debt Advice May Be Needed For Tax Code Victims With Underpaid Tax
From the Items List, press Control-N. Select Sales Tax Item. Enter a name for the sales tax - something simple is fine, something that makes sense to you. Enter a more detailed description on the next line. Enter the tax rate, and choose the state reporti...
How Do Tax Code Changes in September Affect You
First, select the Tax Item box. If this customer lives out of state or is otherwise non-taxable, select the Non Taxable sales tax item you established above. If the customer lives in-state or is otherwise taxable, select the Taxable sales tax item you est...
Can petroleum products forms part of GST?
In our previous article we discussed about the Orissa’s demand to keep coal royalty out of the purview of the Goods and Service Tax (GST). That Orissa came out with a demand to keep coal royalty out of the purview of the Goods and Service Tax (GST). If it...
Direct Taxes Code 2009 Proposed Income Tax Rates From 1 April 2011
After much awaiting CBDT released the discussion paper on the Direct Taxes Code 2009 in June 2010, draft of which was released in public in August 2009. The revised discussion paper has considered various issues on the original proposals and come out with...
Can This New Year Bring Consensus
Just like all other years, year 2010 had also passed. We all would recall this year for different reasons and at different points of time in our life but our Finance Minister would definitely recall this and that too for an important reason i.e. Goods and...
No Reduction In The Intensity Of GST Work
As the future of the Goods and Services Tax is still uncertain in India but our efforts to elaborate the broader concept of “GST” will continue in the same manner. Even after facing such a huge setback on major issues such as GST structure, Constitutional...
9. Tax collected by the Government is used to facilitate the lives of the subjects.
The term income tax or wealth tax is not new and finds its origin in ancient times. Studies show even in primitive communities taxes were levied on income either in form of direct taxes like trading of merchandise, on land, poll tax or in form of indirect...
GST WILL NOW MOVE WITH TORTOISE
Finally the Finance Minister Mr. Pranab Mukherjee speaks about the future of the Goods and Service Tax and the words spoken by him were not surprising at all.
GST is unlikely to be implemented from the scheduled date of April 1, 2011. Now he is looking...
Nothing is Certain But Death and Taxes
Every government has expenses to think of. These expenses are for the delivery of services to the people it serves. From the pay of government employees to service provision for the people, expenses are incurred at all levels.
How would the government ...
Expenses in Australia
There are many factors that need to be measured when deciding on moving to another country. On top of this list of factors are the expenses that you would need to pay for in order to live comfortably in your new home country. This is very much an issue if...