A Complete Guide on TDS (Tax Deducted at Source)
What is TDS (Tax Deducted at Source)? TDS (Tax Deducted at Source) was introduced to collect tax from the source of income. Tax deduction takes place at the time of payment; therefore, it reduces tax evasion. If any person or company is making a payment is required to deduct tax at source if the payment […]
All You Need to Know About GST (Goods and Services Tax)
Which country first implemented GST? France was the first country to implement GST in 1954 to reduce tax evasion. Since then, many countries have implemented GST. GST was introduced to supplant multiple indirect taxes levied on the same goods or services by both states as well as central governments. When was GST introduced in India? […]