Income Tax & GST Consultation

An income tax is a tax imposed on individuals or entities (taxpayers) that varies with their respective income or profits (taxable income). Many jurisdictions refer to income tax on business entities as companies tax or corporate tax. Partnerships generally are not taxed; rather, the partners are taxed on their share of partnership items. Tax may be imposed by both a country and subdivisions. Most jurisdictions exempt locally organized charitable organizations from tax.Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that will be levied on every value addition.To understand this, we need to understand the concepts under this definition. Let us start with the term ‘Multi-stage’. Now, there are multiple steps an item goes through from manufacture or production to the final sale..

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