Understanding Restaurant Bill : Service Tax,Service Charge,VAT
The Department of Consumer Affairs has clarified that the practice by restaurants of adding service charges often ranging between 5 to 20 percent in lieu of tips isn’t mandatory and hence can be waived by the consumer if he is not happy with the services provided by...Tax : What are Cess and Surcharge? What is difference
Indian government levies taxes on its citizens to raise money for numerous purposes and for meeting the economy’s expenditure. This article talks about Direct and Indirect taxes, What is Cess? What is Surcharge? Difference between cess and surcharge. Whether Cess and...Income Tax for AY 2017-18 or FY 2016-17
The tax an Indian pays every year is calculated on the basis of his/her gross total income. The tax is calculated according to the income tax slabs announced by the government every year in the Budget usually in February. This article discusses the Income tax slab...Five Best Tax Saving Options In Financial Year 2016-17
Although saving money is round the year activity for any earning individual, tax saving only gets in focus in the last three months of the FY. There are many reasons for this, and more than these there are many side-effects of this approach of investing. This article...Demonetization: How much Gold can you keep? Income Tax Raids
Since Demonetization many rumours have been making rounds such as that all gold jewellery including ancestral jewellery shall be heavily taxed. Government said that during search operations, conducted by Income Tax Department, there would be no seizure of gold...Subscribe to All Our Posts
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