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List Of Direct And Indirect Taxes In India Pdf Free

 
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MessagePosté le: Sam 1 Oct - 12:53 (2016)    Sujet du message: List Of Direct And Indirect Taxes In India Pdf Free Répondre en citant




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Subscribe to Blog. Advalorem Duties: Advalorem custom duty is a duty imposed on the total value of a commodity imported or exported. Indirect taxes are levied on clearance of goods and services from the origin, instead of actual sale of the products to the customers. Main article: Income Tax Department. Under this, the person responsible for making any payment is required to withhold a certain specified percentage of the payment amount as taxes and deposit it with the Government treasury. There is an exemption on payment of Service tax if the total turnover did not cross Rs. Import of Goods Customs duty is required to be paid whenever goods are imported from other countries in India. The rate structure is flat on rural (panchayat) properties, but in the urban (municipal) areas it is mildly progressive with about 80% of assessments falling in the first two slabs.[26]. Further there are some local indirect taxes levied like Local Body Taxes (LBT) or Octroi.

The Board is the administrative authority for its subordinate organizations, including Custom Houses, Central Excise and Service Tax Commissionerates and the Central Revenues Control Laboratory.[citation needed]. Once this cess is applied we need to pay service tax 15%.(23)Dividend Tax:-In budget 2016 finance minister has introduced a new tax on the dividend amount. If you hold same share for 1 year or above it is considered as long term capital gain and you need not to pay capital gain tax.it is considered as tax free.Similarly if you purchase property after two yearif you find that property price in which you invested has increased and you decide to sale it you need to pay short termcapital gain tax.For property it is considered as long termcapital gain if you hold property for 3 years or above.(3) Securities Transaction Tax:-A lot of people do not declare their profit and avoid paying capital gain tax, as government can only tax those profits, which have been declared by people. 1 million in the previous Financial Year. Dividend amount to investor is tax free. These are expected to be abolished some time in future after introduction of Goods and Service Taxes (GST). That means if you buy or sell equity shares, derivative instruments, equity oriented Mutual Funds this tax is applicable.This tax is added to the price of security during the transaction itself, hence you cannot avoid (save) it. BusinesstechnologyInternetTelecommobileStartupOthersFunding Deals . Direct Taxes[edit]. It is a tax levied on services provided in India, except the State of Jammu and Kashmir.

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