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Showing posts with the label Direct and Indirect taxes

iPhone 16 Series All Details & Leaks Are Here! AI, New Button, Big Display...

Unlocking the Secrets: iPhone 16 Series Revealed! AI, New Buttons, and Big Displays Unveiled! Are you eagerly awaiting the next big release from Apple? Brace yourself for the iPhone 16 series, where innovation meets anticipation. In this article, we'll delve into all the exciting details and leaks surrounding this highly anticipated release. AI Integration  One of the most buzzed-about features of the iPhone 16 series is its enhanced AI capabilities. With advanced algorithms and machine learning, these phones promise to deliver a smarter, more intuitive user experience. From personalized recommendations to seamless voice commands, get ready to interact with your device like never before. New Button Dynamics Say goodbye to the conventional button layout! The iPhone 16 series is rumored to introduce a new button configuration that enhances functionality and usability. With the addition of an action button, users can expect quicker access to their favorite features and applications, m

Tax structure in India: Direct and Indirect taxes, Overview of Goods and services tax Implementation of GST

  Tax structure in India: Direct and Indirect taxes, Overview of Goods and services tax Implementation of GST Tax Structure in India Direct Taxes 1. Income Tax: Income tax is a direct tax imposed on individuals, Hindu Undivided Families (HUFs), companies, and other entities based on their income. It's regulated by the Income Tax Act. 2. Corporate Tax: Corporate tax is levied on the income of companies. In India, there are different tax rates for domestic and foreign companies. 3. Capital Gains Tax: Capital gains tax is imposed on the profit earned from the sale of assets such as real estate, stocks, and other investments. 4. Wealth Tax: Wealth tax was abolished in 2015, but it was a direct tax on the net wealth of individuals and HUFs. Indirect Taxes 1. Goods and Services Tax (GST): GST is the most prominent indirect tax in India, introduced in 2017, which subsumed various other indirect taxes, such as Central Excise, Service Tax, VAT, and more. 2. Central Excise: Central Excise is