Search results
Results from the WOW.Com Content Network
Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary,cost accoutant, lawyer, doctor etc. are required to pay this professional tax. Different states have different rates and ...
e. In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
Expenses. ₹2.40 lakh crore (US$30 billion) (2022–23 est.) [4] The economy of the Indian state of Andhra Pradesh is primarily dependent on agriculture, which directly and indirectly employs 62% of the population. [9] GSDP as per the first revised estimate, for the year 2023-24 is ₹15,40,000 crore. [10] The state is ranked 1st in the ...
Taxation. VAT was introduced very beginning in year on year value added tax (VAT) into the Indian taxation system from 1 April 2005. The existing general sales tax laws were replaced with the Value Added Tax Act (2005) and associated VAT rules. A few states ( Gujarat, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Uttarakhand ...
Andhra Pradesh ( English: / ˌɑːndrə prəˈdɛʃ /, [11] Telugu: [aːndʱrɐ prɐdeːʃ] ⓘ abbr. AP) is a state in the southern coastal region of India. It is the seventh-largest state with an area of 162,970 km 2 (62,920 sq mi) [5] and the tenth-most populous state with 49,577,103 inhabitants. [4]
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT).
Intra-State e-Way Bill The five states piloting this project are Andhra Pradesh, Gujarat, Kerala, Telangana and Uttar Pradesh, which account for 61.8% of the inter-state e-way bills, started mandatory intrastate e-way bill from 15 April 2018 to further reduce tax evasion. It was successfully introduced in Karnataka from 1 April 2018.
Expenses. ₹1.15 lakh crore (US$14 billion) (2022-23 est.) [3] The per capita income of Assam was higher than the national average soon after Indian Independence. But it has slipped since, and the difference has become larger since liberalization of the Indian economy in the 1980s.