Difference Between GST and VAT
GST, or Goods and Services Tax, has cast a shadow over India’s indirect taxation system, which includes VAT, excise duty, and service tax. The fundamental reason for this is because taxes no longer have a cascading effect on the economy. VAT (Value Added Tax) is...
Section 143(1) of the Income Tax Act
Intimation letter under section 143(1) of the Income Tax Act Once an assessee files a return for a given assessment year, it is sent to the department for processing. The assessee receives an intimation from the income tax department under Section 143(1) once the...
Development of Banking System in India
Commercial banks (both public and private), Regional Rural Banks, Cooperative Banks, etc. our banking system. The nationalization of banks is one of the significant events in the development of the Indian banking system. The event paved the way for India’s...
Swavalamban Pension Yojana
The Government of India has developed many pension schemes from time to time in order to make senior individuals in the unorganized sector financially secure and independent. One such project was the Swavalamban Scheme also known as the NPS Swavalamban Scheme....Connect With Us
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