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Introduction Where Compensation is received at the time of voluntary retirement or in case of separation, the income received as compensation is exempt from tax if the following conditions are satisfied- Compensation is required to be received on voluntary retirement or voluntary separation. Compensation is received by an employee from the following undertakings- an authority
Learn MoreMutual fund is an investment programme funded by shareholders that trades in diversified holdings and is professionally managed.Your Fixed Deposit may be offering decent returns with little option for liquidity, while the stock market may give you decent returns with easy liquidity and slightly higher probability of losses. A Mutual Fund is a fine balance
Learn MoreGoods and service tax (GST) The GST is a new concept that simplifies the giant tax structure by supporting and enhancing the economic growth of a country. It is a comprehensive term levy on manufacturing, sale and consumption of goods and service at a national level. Goods and service tax bill or GST also referred
Learn MoreAssessment of impact on digital advertising companies Present Scenario For services rendered by a digital advertising company, it charges a service tax @15% For input services availed by a company, it claims an input tax credit (“ITC”) However, a digital advertising company is not eligible to claim ITC on any products used in producing digital
Learn MoreOrganised retailers do not expect the Goods and Services Tax (GST) to impact their sales despite general fears that it could disrupt businesses, and hope to be fully ready for the uniform tax regime in the next few weeks. “As GST will be rolled out from July 1, we have to be prepared. It will
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