What is Income tax? The government levied income tax on the income earned by individuals, businesses, and other entities within a particular jurisdiction. It is usually calculated as a percentage of the taxable income earned by the taxpayer over a...
Month: April 2023
Direct tax refers to a type of tax that is levied directly on individuals or entities based on their income, wealth, or property and is collected by the government. The government typically imposes direct taxes to generate revenue to fund...
Capital gains tax is a tax levied on the profit made from the sale or transfer of certain types of assets, such as stocks, real estate, and other investments. It is the tax imposed on the capital gain, which is...
As March approaches, the GST Year-End Checklist is a taxpayer's most crucial document! Taxpayers have various obligations to fulfill before April 1, 2023, and some mandates are effective as of that day. Similarly, some things have historically been implemented on...