GST (Goods and Services Tax) is a critical subject matter that has revolutionized the taxation system in India. However, it often leads to various queries among citizens due to its complex nature. This article aims to address some of those common GST queries and provide their answers.
The Goods and Services Tax (GST) is a value-added tax that is levied on most goods and services sold for domestic consumption. It is paid by consumers, but it is the businesses selling the goods and services who remit it to the government. In India, GST is a crucial part of the taxation system, and it is important for businesses to stay updated with their GST filing status. This article will guide you on how to check GST filing status and download GST returns.
Tax Deducted at Source (TDS) is one of the modes of collecting income tax from the taxpayers in India. It is governed under the Indian Income Tax Act of 1961. TDS is deducted by employers from the salary of employees and paid to the government. Similar provisions exist for payments made to professionals like architects and engineers. This article will guide you on how to file TDS returns for payments made to architects and engineers.
Travel agents play a pivotal role in the tourism industry. The services they provide are not only beneficial for travelers but also contribute significantly to the economy. However, like all businesses, travel agencies are also subject to certain tax regulations. One such tax-related aspect that directly affects travel agents is Tax Deducted at Source (TDS). In this article, we will delve into the intricacies of TDS filing for payments to travel agents.
The income tax department of India has implemented several provisions to collect tax at the source of income. One such provision is the Tax Deducted at Source (TDS) on brokerage commission. This article aims to provide a comprehensive understanding of the TDS provisions for the brokerage commission.