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Tax deduction at source. Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income ...
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 ...
Maharashtra. The system of Value Added Tax (VAT) has been implemented, in the State of Maharashtra, w.e.f. 1 April 2005. Every dealer, who becomes liable to pay tax under the provisions of MVAT, shall apply electronically for registration, within 30 days from the date of such liability. VAT is implemented by Department of Sales Tax.
MSEDCL supplies electricity to a total of 28.4 million consumers across the categories all over Maharashtra. There are about 20.7 million Domestic Residential (72.4%), 4 million Agricultural (16%), 1.7 million commercial (7%), and 0.346million industrial consumers (1.8 0%) in MSEDCL who fetch an Annual Revenue of about Rs.500 million.
May 15, 2024 at 11:02 PM. John Wilson/Netflix. Cameron Diaz is back in action – and out of retirement – in Netflix’s first images of her new action comedy with Jamie Foxx. Diaz, 51, and Foxx ...
The NCAA’s landmark settlement has been billed by some as a move to bring stability to an unruly recruiting landscape. While offering solutions for some problems, the new model creates others.
The bill passed 212-195, with seven Democrats crossing the aisle to support the legislation. Republicans have hammered Democrats over their efforts to make appliances more energy efficient, but it ...
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]