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Can anyone explain these to me we buy car and pay taxes on it and also pay toll tax on it and again use petrol which is taxed why are we paying these? Can anyone explain.

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

There exists a market whose value is estimated to range between 20% to 30% of India's GDP. Yes, I am talking about the Black market (it refers to illegal trade and transactions that occur mainly to Avoid taxes or to trade illegal goods.) But do you

Income Tax Return Filing When tax liability rises due to the receipt of arrears or additional payments, it typically happens because these amounts are added to the individual’s total income for the current financial year. This increase in incom

Greetings everyone! So in a previous post, I spoke about the tax system let's take a deep dive into it! India follows a progressive taxation system, i.e. tax is imposed on their income, but this isn't fair, especially for paid employees! It's becau

Did you guys ever wondered? In India we pay most of the taxes and get nothing on return?. Eg: Let's assume a family earns 1.5 lac per month. And they buy groceries 20k enjoyment 10k Children's study 20k (both) Rent 15-20k (depends) Tax - 30% exc

(2/3) 4. Intellectual Property Protection: Protect your intellectual property by registering trademarks, copyrights, and patents as necessary. This helps safeguard your brand, products, and innovations from infringement. 5. Compliance with Tax Laws

Intresting Question! For eg, we are filing for taxes and our tax due is 50 Lakhs, so do you think there should be an option for us to select where that money will go? Like we can choose 10 Lakh for Space Mission, 5 Lakh for military, 10 lakh for hea

Arey Mubarak Ho aapki lottery lagi hai, woh bhi 1cr kii!! We call this transfer payment in economics, it means the income that a person gets without providing service/goods. We all know that all of our income is calculated in national income irrespe

It goes without saying that co-founders should share the same passion and vision for the startup. Most founders want to change the world, but they'd better agree on what they want the world to look like, or else everyone will be miserable. That doesn