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 Business and Profession. This ...
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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 ...
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Tax on Temples: Who says there is no tax on God? We are paying this much GST every year..Usually, the discussion on the income and property of the temple at the tea shop finally concludes that there is no tax on ...
Janapati Venkateswarlu, a daily wage labourer from Chundrugonda, was left stunned after receiving a demand notice from the ...
A former tax agent was sentenced to the maximum length of home detention possible for sustained fax fraud. Chafic Georges, appearing on 19 tax fraud charges, was sentenced to 12 months home detention ...
While renting out residential properties remains tax-exempt, commercial leasing comes with specific GST rules that every ...
The State government has consistently adopted a strong stance in the GST Council to avoid revenue loss in Goods and Services Tax (GST), Finance Minister K.N. Balagopal said on Monday.
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