Key Difference: GST searches are business-centric, focusing on transactional compliance, while Income Tax searches are more intrusive, aiming at personal and undisclosed income. Governed by Section 67 ...
In the realm of taxation, income is classified into various categories, with one of the most significant being Income from ...
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Its grand success requires that the tax burden be moderate, coverage comprehensive, administration use cutting-edge technology, and dispute resolution swift and fair. - Issue Date: Mar 16, 2025 ...
Businesses with a turnover of less than $75,000 are given the choice of registering for GST because if a business is spending ...
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Income Tax: Those who take tax exemption by declaring their income from farming should be careful..People who take tax exemption by citing income from agriculture are now seen getting caught in the clutches of the Income Tax ...
The Indian units of MNCs typically pay their foreign parents 1-2% of outstanding debt as a fee for such guarantees. The ...
While renting out residential properties remains tax-exempt, commercial leasing comes with specific GST rules that every ...
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