BCCI's profit is tax-free under Section 12A of the Income Tax Act, whereas IPL tickets bought by fans are subject to 28% GST.
0 replies9 likes
Mahendra Lochhab
Content creator • 10m
HOW GOVERNMENT OF INDIA EARNS ITS 100 RUPEES
Based on Earnings from different departments
₹27 - Borrowings & other liabilities
₹19 - Income Tax
₹18 - GST & Other Taxes
₹17 - Corporate Tax
₹9 - Non-Tax Receipts
₹5 - Union Excise Duties
₹4 - Cus
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0 replies8 likes
Ashutosh Mishra
Chartered Accountant • 1y
When I posted the poll yesterday for GST, I thought 20-30 people at max would vote and will see accordingly. But 100 people have voted so far. By this I have felt that people know GST through headlines i.e tax collection, GST notices to different co
Looking for a sound and logical CA or relevant qualified person.I need some guidance over income tax on foreign income and GST charges for a single person service provider.
1 replies4 likes
Ashutosh Mishra
Chartered Accountant • 1y
GST Thread 2
What GST brings along with it -
1. Value added tax and no cascading of taxes - GST is only on the value added by the manufacturer and being a value added tax at each stage it avoids double taxation
Example - If I purchase plastic fr
Greetings everyone!
Let's learn about our tax system!
The Indian tax system is divided into two categories: Direct (income tax) and Indirect (GST)it's an unfair tax tbh.
It's because everyone pays the same tax regardless of their income. For example
One Tax Policy: A New Era of Taxation in India?
What if income tax was the only tax you had to pay? A system where individuals pay a fixed percentage of their income as tax, and in return, they are exempt from all indirect taxes like GST and service
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0 replies1 like
Dinesh Babu
Hey I am on Medial • 8m
HOW CAN WE INCREASE THE SPENDING POWER OF INDIAN MIDDLE CLASS ?
MY OPINION
" REMOVE INCOME TAX , SO PEOPLE WILL HAVE EXTRA MONEY TO SPEND. AND GOVERNMENT WILL EARN MORE IN GST AND OTHERS IF PEOPLE SPEND AND INVEST THAT EXTRA MONEY MONEY
1 replies3 likes
Vishu Bheda
AI did the magic • 1y
What's a scam that's so normalized that we don't even realize it's a scam anymore?
Me- Taxes. Once you tax the income, why is there a tax again in the name of GST?
Whatever the shop / company earns they can give it as income tax.
This approach n
KENYA IS BURNING 🔥
Kenya people burned thier own parliament because they don't like finance bill and currently they are suffering from heavy inflation and tax problems. Currently they are killing police and Army of own currently because they are i
