The Consolidated Fund of India, as defined in Article 266(1) of the Indian Constitution, serves as the most important reservoir for all revenue received by the government from various sources.
Let's check the legal provisions related to the GST credit note issue so that we can find out whether such credit notes can be issued to B2C suppliers.
Inheritance tax is a tax which is levied on the total value of money or at the time of transfer of wealth when an individual dies and leaves money or property to others.
Tax is applicable if transactions like buying and selling of shares are made through the demat account.
High-net-worth individuals (HNIs) are rich members of society who have significant financial resources.
Individuals depositing in savings accounts INR 10 lakh or more in a financial year must notify tax authorities.
With effect from April 16, EPFO new withdrawal policy allows an account holder to withdraw up to INR 1 Lakh for medical treatments. This announced is made via a circular which allows an account holder to claim up to INR 1 Lakh for the treatment of illnesses for themselves or their family members.
An annuity is a contract where a person required to pay a lump sum to an insurance company, and in return, they provide periodic payments over a specified time frame, which can be used for retirement income.
Sandeep Kumar Gupta, the chairman of GAIL, suggests that the government should promote the use of natural gas and reduce emissions in various industries. He also proposes bringing natural gas under the GST regime and extending production-linked incentives to LNG-powered vehicles.
Deciding which tax regime to choose it completely depends upon individual financial circumstances.