Impact of GST on Power Sector
India is the third largest electricity producer in the world. The top two positions are held by U.S and China respectively. But the per capita consumption of our country is amongst the lowest in the world. The Power Industry currently enjoys many tax concessions and...GST impact: Insurance, Mutual Funds,Banks, Hotel,Restaurants,Travel
From 1 Jul 2017 GST will be levied instead of Service Tax as under. Hence tax on banking, insurance, and investments such as real estate, mutual funds will see a hike of 3 percent. Till 30 Jun 2017, we pay 15% service tax for such services. Starting from July 1,...GST Tax Slabs and how does it affect your household budget
The government has categorized 1211 items under various tax slabs. With GST set to be implemented from July 1 2017, here’s the guide to what are GST Tax rates, how much tax you’ll have to pay on most use items and how it affects your budget. What is GST?...How to download Form 26AS and password to open Form 26AS
Form 26AS, also called as Annual Statement, is a consolidated tax statement which has all tax related information (TDS, TCS, Refund etc) associated with a PAN. It is highly recommended that you verify your Form26AS before filing your income tax return of ITR. This...FATCA Compliance for Bank Accounts, NPS, Mutual Funds
Mutual fund investors, bank account holders and those who have invested in insurance schemes between 1 July 2014 and 31 August 2015, cannot operate their accounts, from 1 May 2017 if they are not compliant with FATCA. This article explains what is FATCA? How to do...Subscribe to All Our Posts
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