Who are actually middle class of India ?
I am really confused to get the ideal answer of it.
Because in village there is only a class that is caste...
Most of the rich (as per village standard having acres of land, home, Cars, and non tax incom
Here I agree a lot's... And their is too much misunderstanding due to which most of the people India don't pay taxes... There should be upgradation in tax slab and geniune tax collection.
Audisankara College of Engineering and Technology • 6m
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.
4 replies2 likes
Ashutosh Mishra
Stealth • 8m
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
Here’s a real- lesson from July 2024: Many salaried employees, while filing their ITR, realized too late that they had missed out on crucial tax planning and investment opportunities because the financial year had already closed.
Don’t let this hap
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0 replies5 likes
Hiral Jain
Stealth • 7m
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
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
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1 replies11 likes
K
Stealth • 7m
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
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Hiral Jain
Stealth • 7m
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
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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
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
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4 replies12 likes
Havish Gupta
Stealth • 7m
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