Government have provided with some of the schem,es by which tax can be saved legally, plus these schemes are all the more beneficial to the individual itself. Some of these shemes are listed below: National Savings Certificates (NSC) National Saving Schemes (NSC) is one of the popular Income Tax Saving schemes which is available throughout the year. It can be operated … [Read more...]
Archives for 04/11/2009
VAT- Value Added Tax
VAT, also popularly known as goods and services tax (GST) is an indirect tax that is levied according to the value added at different production stages. Value Added Tax (VAT) is a general consumption tax assessed on the value added to goods and services. It is a general tax that applies, in principle, to all commercial activities involving the production and distribution of … [Read more...]