Government of India Transaction of Business Rules, 1961 – In order to contain the imbalance in the economy caused by the nationwide lockdown in India due to the spread of COVID-19, on 3rd April 2020, the Transaction of Business Rules were amended. It altered the functions of the investment and growth cabinet committee and the employment and skill generation cabinet committee to confer both the committees with wide decision making powers.
The Education Cess is a tax in India, which is imposed to help to cover the expenditures of sponsored programs or schemes by the government. The education cess tax was imposed in 2004. The rate of tax is 2% of income tax that is the amount of payable tax. It is collected independently of other taxes and it is given to help to all Indian citizens. Every time when you pay taxes you will see the total tax payable amount will go up tiny higher at the time of final payment. This increased percentage amount is the education tax, which is imposed in the direct taxes.
The One Hundred and First Amendment of the Constitution of India, formally known as The Constitution (One Hundred and First Amendment) Act, 2016, presented a national Goods and Services Tax in India from 1 April 2017
Social-entrepreneurship, non-profit organisations and charity based foundations require lots of investments, where getting funds is really challenging as it has lots of legal and documentation which further require investment. Still,…
Having stolen much of the highlight of the news channels since its inception, GST (Goods and Service Tax) bill, also known as the 122nd Amendment bill, is now all set…