Category: Uncategorized

GST Composition Scheme

1. Who can opt for Composition Scheme A taxpayer whose turnover is below Rs 1.0 crore* can opt for Composition Scheme. In case of North-Eastern states and Himachal Pradesh, the limit is now Rs 75* lakh. As per the CGST (Amendment) Act, 2018, a composition dealer can also supply services to an extent of ten percent of
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Section 195 – TDS on Non-Residents

Section 195 of the Income Tax Act, 1961, is basically concerned about the Tax Deducted at Source (TDS) for the non-resident people of India. This section basically highlights the tax rates and deductions related to all business transactions. What is section 195 of IT Act? Tax Deducted at Source is the first way of collecting
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