Services tax
Download as pptx, pdf1 like190 views
Direct taxes are levied directly on individuals and corporations, while indirect taxes are levied on goods and services. The document discusses the key types of indirect taxes including service tax, VAT, excise duty, and customs duty. It provides details on the meaning and features of service tax, noting it is an indirect tax levied on specified services and administered by CEEC to avoid double taxation, excluding small service providers. Examples of taxable services are also listed such as stock broking, telephone, insurance, travel agents, event management, beauty parlors, and photography.
1 of 7
Download to read offline
Ad
Recommended
Taxi And Limo Narrative
Taxi And Limo NarrativeHoboken Resistance
油
The department oversees 140 vehicles and 250 drivers, regulating taxi, livery, and limousine services to ensure safe, comfortable, and convenient transportation for passengers. Key responsibilities include maintaining records; conducting hearings; processing licenses; handling complaints; confirming insurance; performing annual vehicle inspections; updating criteria; administering exams; and preparing over 390 licenses manually. The department also identifies issues, assists other municipalities, and reports revenues.Transit One Brochure
Transit One Brochurerobert_key
油
Transit One is a commuter benefits program from Aflac that allows employees to pay for transit and parking expenses with pre-tax dollars. By deducting these expenses from payroll before taxes, employees can reduce the amount of income subject to taxes. For example, an employee contributing $150/month to parking and $100/month to transit could see their taxable income reduced by $250, saving an estimated $62 in taxes compared to paying for expenses post-tax. The program provides tax savings opportunities and expanded benefits coverage while giving employees control over how their benefits dollars are used.Direct tax
Direct taxD.J.Accounts
油
This document defines key concepts related to income tax in India. It discusses the difference between direct and indirect taxes. It defines important terms like assessee, previous year, assessment year, heads of income, and residential status. It explains the criteria for determining the residential status of individuals, HUFs, and companies as either resident, non-resident, or not ordinarily resident. It also provides an example to illustrate how to determine an individual's residential status.Wealth Tax
Wealth Taxsandypkapoor
油
The document provides a detailed overview of wealth tax assessment, including definitions of net wealth and assets subject to taxation, as well as exceptions and exemptions. It describes the processes for valuing different types of assets, filing returns, handling assessments, and appealing decisions made by tax authorities. Additionally, it details the valuation of specific assets such as properties, jewelry, and interests in firms, along with relevant calculation methods and legal provisions involved in the wealth tax procedures.Direct Tax
Direct TaxNikita Jangid
油
The document discusses the key aspects of direct taxes in India such as income tax, corporation tax, wealth tax, and capital gains tax. It provides definitions and explanations of direct taxes, income tax, and compares direct taxes with indirect taxes. Some of the key points made in the document include:
- Direct taxes are taxes that are directly paid to the government by the taxpayer. They include income tax, corporation tax, and wealth tax.
- Income tax is paid based on an individual's taxable income in a given financial year after deductions and exemptions. Corporation tax is paid by companies on worldwide income.
- Direct taxes cannot be shifted to another entity while indirect taxes can be shifted from one taxpayer to another.Value Added Tax
Value Added TaxAugustin Bangalore
油
The document discusses Value Added Tax (VAT) implementation in Karnataka from April 1, 2003. It covers VAT terminology, types of registration, rates, schedules, taxation calculations, books to be maintained, authorities, benefits compared to other tax systems, implementation in other countries and a proposed model for India. VAT aims to reduce the cascading effect of taxes and increase revenue through a multi-rate structure applied at each stage of production and distribution.International Business Law - Tax (Direct Tax)
International Business Law - Tax (Direct Tax) Bob College MCS
油
The document discusses taxation in Malaysia, explaining various tax types such as personal income tax, corporate tax, and value-added tax. It describes direct taxes, which are paid directly by individuals or organizations, and their advantages, including equity and certainty in payment. It also mentions indirect taxes, which are collected by intermediaries and ultimately borne by consumers.Wealth tax
Wealth taxkrishigokani
油
The document discusses wealth tax in India, including that it is a tax on assets owned by individuals, HUF, and companies. It defines taxable assets such as buildings, motor vehicles, jewelry, urban land, and cash. The document also covers topics like valuation of different asset types, exemptions, deemed ownership, and liability of wealth tax for a deceased person.Value Added Tax (India) Final
Value Added Tax (India) FinalAshish Nangla
油
The document discusses Value Added Tax (VAT) including:
- VAT is a multi-point sales tax levied on the value added at each stage of production and distribution. It aims to tax value addition rather than turnover.
- VAT was first introduced in France in 1954 and has since been adopted by many countries including India where it was introduced in 2005.
- Under VAT, tax is collected in installments at each stage of production/distribution rather than just at the final retail point like under sales tax. This avoids cascading of taxes.Value added tax
Value added tax Kulbeer Bumrah
油
Value Added Tax (VAT) is an indirect tax on goods imposed by state governments in India, introduced in 1986 to address issues related to sales tax. VAT is a multi-point tax, where it is charged on the value addition at each stage of sale, and includes specific tax rates for different goods. Dealers are categorized as registered, unregistered, or composite based on their annual turnover, with registered dealers eligible for input tax credit and required to remit VAT returns.Taxation
TaxationRishabh Sharma
油
This document provides an overview of taxation in India. It defines taxation and its objectives, such as raising revenue. It describes different types of taxes like direct and indirect taxes. It outlines principles of a good tax system according to Adam Smith's canons of taxation. It also details India's individual income tax rates, exemptions, and deductions from taxable income. The document concludes that taxation helps increase economic activity and promote growth through mobilizing funds.Concepts of Taxation
Concepts of TaxationGregar Donaven Valdehueza
油
This document discusses concepts of taxation including definitions, principles, theories, structures, and characteristics of tax systems. It defines taxation as the process by which governments raise revenue to fund expenses through mandatory contributions imposed on individuals and organizations. The key principles discussed are the benefit principle, ability-to-pay principle, and equal-distribution principle. Taxes can be proportional, regressive, or progressive based on rates. The document also outlines forms of tax exemption and avoidance.Types of Taxes
Types of TaxesSwati Luthra
油
The document appears to contain information about various Indian taxes including income tax, sales tax, wealth tax, and service tax. It provides definitions and key details about the different types of taxes such as the tax rates, applicable entities, exemptions, and controversies in certain areas. It also summarizes the objectives and issues with some of these taxes in India.Tax ppt
Tax pptDaxesh Kanani
油
This document provides an overview of taxation in India. It discusses the history of income tax, which was first introduced in India in 1860. It outlines the various tax authorities in India, including central and state governments and municipalities. It defines key terms related to taxation like income, assessment year, and previous year. It also provides examples of statements showing taxable income from sources like salary, house property, business/profession, and a summary statement of total taxable income. Finally, it briefly discusses value-added tax.Direct tax
Direct taxprasadarun06
油
The document discusses various direct taxes levied in India including income tax, corporation tax, dividend tax, capital gains tax, wealth tax, gift tax, estate duty, land revenue, agricultural income tax, and professional tax. It outlines the introduction and key aspects of each tax. It also discusses direct taxes at the state and local government levels. The document notes both the merits and demerits of direct taxes, such as equity and economy but also possibilities of evasion, complexity, and unsuitability for underdeveloped countries.Uniform Costing And Inter-Firm Comparison.pptx
Uniform Costing And Inter-Firm Comparison.pptxVijaySomasePatil
油
The document discusses uniform costing and inter-firm comparison, emphasizing the importance of consistent accounting methods across firms in the same industry to facilitate better cost management and price fixation. It outlines the objectives, features, advantages, limitations, and essential requisites for effective uniform costing systems and manuals, as well as the methods and benefits associated with inter-firm comparison. Overall, it highlights the need for cooperation and transparency among firms to improve performance and efficiency.What is tax
What is taxVijaySomasePatil
油
The document discusses taxes and their purpose. It explains that governments impose taxes in the form of compulsory financial contributions from citizens and businesses in order to fund public expenditures, government activities, welfare programs, country development, and infrastructure improvements. There are two main types of taxes: direct taxes, such as income tax and wealth tax, which individuals and businesses pay directly; and indirect taxes, such as GST, which are collected by sellers from buyers and included in the price of goods and services.Industrial finance
Industrial financeVijaySomasePatil
油
Industrial businesses require financing for starting up, running operations, research and development, dealing with troubles, and expanding. There are short term, medium term, and long term industrial financing options. Short term is less than a year, medium is over a year but under five years, and long term is over five years. Businesses can access internal sources like self financing, equity shares, debentures, bonds, and public deposits or loans. External sources include foreign direct investment, institutional investment, and non-resident investment.Gst ppt
Gst pptVijaySomasePatil
油
This document provides an overview of the Goods and Services Tax (GST) implemented in India. It discusses the history of GST in India, what GST is, the tax structure it replaces, benefits of GST such as a uniform indirect tax system across India and reduced tax evasion, and challenges to implementing GST such as disputes over tax sharing between central and state governments. The key points are that GST is a comprehensive indirect tax on goods and services that collects tax on value added at each stage of supply, replacing multiple existing indirect taxes, with the aim of creating a uniform market in India.Goods and service tax (gst)
Goods and service tax (gst)VijaySomasePatil
油
The document discusses Goods and Service Tax (GST) which is a value added tax that was implemented in India in April 2017. GST consolidates major indirect taxes into a single tax mechanism applied to both goods and services. It aims to reduce the cascading effects of taxes and simplify tax compliance. GST is modeled after similar tax systems used in over 140 other countries where a single or dual rate tax typically ranges from 15-20%. The key benefits of GST are uniformity, easier compliance, and increased revenue and control for both central and state governments, as well as lower prices and a more transparent tax system for consumers.Patanjali ppt
Patanjali pptVijaySomasePatil
油
This document presents a SWOT analysis of Patanjali Ayurveda Pvt Ltd. It outlines the company's strengths as its affordable yet high quality products, strong branding, innovative leadership, and large retail network. Weaknesses include a lack of standard advertising and lower marketing strategies targeted at younger consumers. Opportunities lie in promoting Indian brands and reducing dependence on foreign products. Threats consist of government regulations, increased taxes, and more competitors entering the market. The document provides an overview of Patanjali's business, products, partnerships, and achievements in becoming a leading FMCG company in India in just five years.Cash budget
Cash budgetVijaySomasePatil
油
This document provides information about cash budgeting including what a cash budget is used for, items included in cash inflows and outflows, and how adjustments can be made. A cash budget monitors the timing of cash in and out, ensures enough cash is available, and identifies if and when an overdraft is required. Cash inflows include sales, loans, and asset sales, while outflows include expenses, principal payments, asset purchases, and ending cash. Cash budgets can be prepared annually, quarterly, bi-monthly, or monthly and estimate cash flows over the periods.Industrial imbalance
Industrial imbalanceVijaySomasePatil
油
This document discusses industrial imbalance, which refers to unbalanced regional development within a country or state. It is caused by differences in natural conditions, availability of raw materials, infrastructure, historical factors, and new investments being attracted to developed areas. The effects of industrial imbalance include low economic growth, shortage of funds, low per capita income, governance issues, and transportation and communication problems. The document recommends removing regional imbalance through economic planning, promoting enterprises, developing agro-based industries, attracting new investments to backward areas, and improving infrastructure development.Management accounting
Management accountingVijaySomasePatil
油
Management accounting provides managers with qualitative and quantitative financial and operational data to help plan, monitor, and improve the performance of a business. It draws from various accounting disciplines like finance, costing, forecasting and budgeting, taxation, and reporting to analyze data, interpret trends, and support decision making. The scope of management accounting is broad, as it aims to provide both financial and non-financial information on all aspects of a business to aid management control and inform future-oriented planning.Liquidation of company
Liquidation of companyVijaySomasePatil
油
This document discusses the different modes of winding up a company, including compulsory winding up, voluntary winding up, and winding up subject to court supervision. It outlines the processes for members' voluntary winding up and creditors' voluntary winding up. These include passing resolutions, appointing liquidators, and holding final meetings. The document also covers priority of payments in liquidation, listing legal charges, liquidators, expenses, preferential creditors, debenture holders, unsecured creditors, preference shareholders, and equity shareholders from first to last priority.Indirect tax
Indirect taxVijaySomasePatil
油
Customs duty is levied on goods imported into and exported out of India under the Customs Act of 1962. Imported goods are subject to basic customs duty, additional customs duty, and education cess. The rate of customs duty is governed by the Customs Act and Customs Tariff Act and can be either ad valorem or specific. Exported goods require an entry outward permit and export report or manifest to be filed, while imported goods require an import report, entry inward permit, and documents to be e-filed.Management accounting
Management accountingVijaySomasePatil
油
Working capital refers to a company's current assets and current liabilities. It represents the funds available for day-to-day operations and is calculated as the difference between current assets and current liabilities. There are two types of working capital: gross, which is total current assets, and net, which is current assets minus current liabilities. Maintaining sufficient working capital is important for business solvency, obtaining loans, ensuring regular supply of raw materials, and allowing for smooth business operations. An effective working capital management system circulates funds through various stages from cash to raw materials to work-in-progress to finished goods to accounts receivable.Holding company & subsidiary company
Holding company & subsidiary companyVijaySomasePatil
油
A holding company is one that controls another company by acquiring over 51% of its shares. It does not take ownership of the subsidiary's assets, only its shares. A subsidiary is controlled by a holding company if the holding company controls its board of directors or holds over 51% of the subsidiary's shares. Holding companies can be either wholly-owned, where the holding company owns 100% of the subsidiary, or partly-owned, where it owns over 50% but not all of the subsidiary shares. Financial analysis of holding structures includes capital and revenue profits, cost of control, and calculation of minority interests.Asian paints (s.w.o.t)
Asian paints (s.w.o.t)VijaySomasePatil
油
Asian Paints is India's largest and Asia's third largest paint company. It has a turnover of Rs. 54.63 billion and operates in 20 countries with 28 manufacturing facilities worldwide. The SWOT analysis identifies Asian Paints' strengths as having a 54% market share in India, best working capital management, and a good operating and distribution network with 3000 dealers. Weaknesses include competition from other companies and higher prices. Opportunities exist in increasing market share in industrial coatings and the road sector. Threats are rising oil prices, weak monsoons, a weakening rupee, and changing consumer preferences.Allowance and their taxability
Allowance and their taxabilityVijaySomasePatil
油
This document discusses various types of allowances that employees may receive:
1. Allowances can be fully taxable, fully exempted, or partly exempted and partly taxable. Examples of common allowances mentioned are dearness allowance, medical allowance, overtime allowance, and entertainment allowance.
2. Some other allowances discussed include project allowance, family allowance, servant allowance, foreign allowance, and allowances received by UN employees and high court judges.
3. House rent allowance (HRA) received by an employee is partly exempted depending on factors like salary, actual rent paid, and location of accommodation. Formulas are provided to calculate the exempted amount.More Related Content
Viewers also liked (7)
Value Added Tax (India) Final
Value Added Tax (India) FinalAshish Nangla
油
The document discusses Value Added Tax (VAT) including:
- VAT is a multi-point sales tax levied on the value added at each stage of production and distribution. It aims to tax value addition rather than turnover.
- VAT was first introduced in France in 1954 and has since been adopted by many countries including India where it was introduced in 2005.
- Under VAT, tax is collected in installments at each stage of production/distribution rather than just at the final retail point like under sales tax. This avoids cascading of taxes.Value added tax
Value added tax Kulbeer Bumrah
油
Value Added Tax (VAT) is an indirect tax on goods imposed by state governments in India, introduced in 1986 to address issues related to sales tax. VAT is a multi-point tax, where it is charged on the value addition at each stage of sale, and includes specific tax rates for different goods. Dealers are categorized as registered, unregistered, or composite based on their annual turnover, with registered dealers eligible for input tax credit and required to remit VAT returns.Taxation
TaxationRishabh Sharma
油
This document provides an overview of taxation in India. It defines taxation and its objectives, such as raising revenue. It describes different types of taxes like direct and indirect taxes. It outlines principles of a good tax system according to Adam Smith's canons of taxation. It also details India's individual income tax rates, exemptions, and deductions from taxable income. The document concludes that taxation helps increase economic activity and promote growth through mobilizing funds.Concepts of Taxation
Concepts of TaxationGregar Donaven Valdehueza
油
This document discusses concepts of taxation including definitions, principles, theories, structures, and characteristics of tax systems. It defines taxation as the process by which governments raise revenue to fund expenses through mandatory contributions imposed on individuals and organizations. The key principles discussed are the benefit principle, ability-to-pay principle, and equal-distribution principle. Taxes can be proportional, regressive, or progressive based on rates. The document also outlines forms of tax exemption and avoidance.Types of Taxes
Types of TaxesSwati Luthra
油
The document appears to contain information about various Indian taxes including income tax, sales tax, wealth tax, and service tax. It provides definitions and key details about the different types of taxes such as the tax rates, applicable entities, exemptions, and controversies in certain areas. It also summarizes the objectives and issues with some of these taxes in India.Tax ppt
Tax pptDaxesh Kanani
油
This document provides an overview of taxation in India. It discusses the history of income tax, which was first introduced in India in 1860. It outlines the various tax authorities in India, including central and state governments and municipalities. It defines key terms related to taxation like income, assessment year, and previous year. It also provides examples of statements showing taxable income from sources like salary, house property, business/profession, and a summary statement of total taxable income. Finally, it briefly discusses value-added tax.Direct tax
Direct taxprasadarun06
油
The document discusses various direct taxes levied in India including income tax, corporation tax, dividend tax, capital gains tax, wealth tax, gift tax, estate duty, land revenue, agricultural income tax, and professional tax. It outlines the introduction and key aspects of each tax. It also discusses direct taxes at the state and local government levels. The document notes both the merits and demerits of direct taxes, such as equity and economy but also possibilities of evasion, complexity, and unsuitability for underdeveloped countries.More from VijaySomasePatil (20)
Uniform Costing And Inter-Firm Comparison.pptx
Uniform Costing And Inter-Firm Comparison.pptxVijaySomasePatil
油
The document discusses uniform costing and inter-firm comparison, emphasizing the importance of consistent accounting methods across firms in the same industry to facilitate better cost management and price fixation. It outlines the objectives, features, advantages, limitations, and essential requisites for effective uniform costing systems and manuals, as well as the methods and benefits associated with inter-firm comparison. Overall, it highlights the need for cooperation and transparency among firms to improve performance and efficiency.What is tax
What is taxVijaySomasePatil
油
The document discusses taxes and their purpose. It explains that governments impose taxes in the form of compulsory financial contributions from citizens and businesses in order to fund public expenditures, government activities, welfare programs, country development, and infrastructure improvements. There are two main types of taxes: direct taxes, such as income tax and wealth tax, which individuals and businesses pay directly; and indirect taxes, such as GST, which are collected by sellers from buyers and included in the price of goods and services.Industrial finance
Industrial financeVijaySomasePatil
油
Industrial businesses require financing for starting up, running operations, research and development, dealing with troubles, and expanding. There are short term, medium term, and long term industrial financing options. Short term is less than a year, medium is over a year but under five years, and long term is over five years. Businesses can access internal sources like self financing, equity shares, debentures, bonds, and public deposits or loans. External sources include foreign direct investment, institutional investment, and non-resident investment.Gst ppt
Gst pptVijaySomasePatil
油
This document provides an overview of the Goods and Services Tax (GST) implemented in India. It discusses the history of GST in India, what GST is, the tax structure it replaces, benefits of GST such as a uniform indirect tax system across India and reduced tax evasion, and challenges to implementing GST such as disputes over tax sharing between central and state governments. The key points are that GST is a comprehensive indirect tax on goods and services that collects tax on value added at each stage of supply, replacing multiple existing indirect taxes, with the aim of creating a uniform market in India.Goods and service tax (gst)
Goods and service tax (gst)VijaySomasePatil
油
The document discusses Goods and Service Tax (GST) which is a value added tax that was implemented in India in April 2017. GST consolidates major indirect taxes into a single tax mechanism applied to both goods and services. It aims to reduce the cascading effects of taxes and simplify tax compliance. GST is modeled after similar tax systems used in over 140 other countries where a single or dual rate tax typically ranges from 15-20%. The key benefits of GST are uniformity, easier compliance, and increased revenue and control for both central and state governments, as well as lower prices and a more transparent tax system for consumers.Patanjali ppt
Patanjali pptVijaySomasePatil
油
This document presents a SWOT analysis of Patanjali Ayurveda Pvt Ltd. It outlines the company's strengths as its affordable yet high quality products, strong branding, innovative leadership, and large retail network. Weaknesses include a lack of standard advertising and lower marketing strategies targeted at younger consumers. Opportunities lie in promoting Indian brands and reducing dependence on foreign products. Threats consist of government regulations, increased taxes, and more competitors entering the market. The document provides an overview of Patanjali's business, products, partnerships, and achievements in becoming a leading FMCG company in India in just five years.Cash budget
Cash budgetVijaySomasePatil
油
This document provides information about cash budgeting including what a cash budget is used for, items included in cash inflows and outflows, and how adjustments can be made. A cash budget monitors the timing of cash in and out, ensures enough cash is available, and identifies if and when an overdraft is required. Cash inflows include sales, loans, and asset sales, while outflows include expenses, principal payments, asset purchases, and ending cash. Cash budgets can be prepared annually, quarterly, bi-monthly, or monthly and estimate cash flows over the periods.Industrial imbalance
Industrial imbalanceVijaySomasePatil
油
This document discusses industrial imbalance, which refers to unbalanced regional development within a country or state. It is caused by differences in natural conditions, availability of raw materials, infrastructure, historical factors, and new investments being attracted to developed areas. The effects of industrial imbalance include low economic growth, shortage of funds, low per capita income, governance issues, and transportation and communication problems. The document recommends removing regional imbalance through economic planning, promoting enterprises, developing agro-based industries, attracting new investments to backward areas, and improving infrastructure development.Management accounting
Management accountingVijaySomasePatil
油
Management accounting provides managers with qualitative and quantitative financial and operational data to help plan, monitor, and improve the performance of a business. It draws from various accounting disciplines like finance, costing, forecasting and budgeting, taxation, and reporting to analyze data, interpret trends, and support decision making. The scope of management accounting is broad, as it aims to provide both financial and non-financial information on all aspects of a business to aid management control and inform future-oriented planning.Liquidation of company
Liquidation of companyVijaySomasePatil
油
This document discusses the different modes of winding up a company, including compulsory winding up, voluntary winding up, and winding up subject to court supervision. It outlines the processes for members' voluntary winding up and creditors' voluntary winding up. These include passing resolutions, appointing liquidators, and holding final meetings. The document also covers priority of payments in liquidation, listing legal charges, liquidators, expenses, preferential creditors, debenture holders, unsecured creditors, preference shareholders, and equity shareholders from first to last priority.Indirect tax
Indirect taxVijaySomasePatil
油
Customs duty is levied on goods imported into and exported out of India under the Customs Act of 1962. Imported goods are subject to basic customs duty, additional customs duty, and education cess. The rate of customs duty is governed by the Customs Act and Customs Tariff Act and can be either ad valorem or specific. Exported goods require an entry outward permit and export report or manifest to be filed, while imported goods require an import report, entry inward permit, and documents to be e-filed.Management accounting
Management accountingVijaySomasePatil
油
Working capital refers to a company's current assets and current liabilities. It represents the funds available for day-to-day operations and is calculated as the difference between current assets and current liabilities. There are two types of working capital: gross, which is total current assets, and net, which is current assets minus current liabilities. Maintaining sufficient working capital is important for business solvency, obtaining loans, ensuring regular supply of raw materials, and allowing for smooth business operations. An effective working capital management system circulates funds through various stages from cash to raw materials to work-in-progress to finished goods to accounts receivable.Holding company & subsidiary company
Holding company & subsidiary companyVijaySomasePatil
油
A holding company is one that controls another company by acquiring over 51% of its shares. It does not take ownership of the subsidiary's assets, only its shares. A subsidiary is controlled by a holding company if the holding company controls its board of directors or holds over 51% of the subsidiary's shares. Holding companies can be either wholly-owned, where the holding company owns 100% of the subsidiary, or partly-owned, where it owns over 50% but not all of the subsidiary shares. Financial analysis of holding structures includes capital and revenue profits, cost of control, and calculation of minority interests.Asian paints (s.w.o.t)
Asian paints (s.w.o.t)VijaySomasePatil
油
Asian Paints is India's largest and Asia's third largest paint company. It has a turnover of Rs. 54.63 billion and operates in 20 countries with 28 manufacturing facilities worldwide. The SWOT analysis identifies Asian Paints' strengths as having a 54% market share in India, best working capital management, and a good operating and distribution network with 3000 dealers. Weaknesses include competition from other companies and higher prices. Opportunities exist in increasing market share in industrial coatings and the road sector. Threats are rising oil prices, weak monsoons, a weakening rupee, and changing consumer preferences.Allowance and their taxability
Allowance and their taxabilityVijaySomasePatil
油
This document discusses various types of allowances that employees may receive:
1. Allowances can be fully taxable, fully exempted, or partly exempted and partly taxable. Examples of common allowances mentioned are dearness allowance, medical allowance, overtime allowance, and entertainment allowance.
2. Some other allowances discussed include project allowance, family allowance, servant allowance, foreign allowance, and allowances received by UN employees and high court judges.
3. House rent allowance (HRA) received by an employee is partly exempted depending on factors like salary, actual rent paid, and location of accommodation. Formulas are provided to calculate the exempted amount.Ratio
RatioVijaySomasePatil
油
This document discusses management accounting and ratio analysis. It provides definitions of management accounting as the internal reporting system of an organization and ratios as relationships between financial amounts. Ratios are described as playing an important role in areas like security and credit analysis by providing guides to management through systematic analysis.Amalgamation, absorption
Amalgamation, absorptionVijaySomasePatil
油
This document discusses and compares three types of corporate restructuring: amalgamation, absorption, and reconstruction. Amalgamation involves merging two or more companies into a single new company, while absorption involves one company taking over another and no new company is formed. Reconstruction can occur externally, where one company is liquidated and a new company is formed, or internally, where no companies are liquidated or new companies formed. The document outlines the key steps involved in each process, including passing special resolutions, meetings of shareholders and creditors, and regulatory approval.Business finance
Business financeVijaySomasePatil
油
This document discusses sources of finance for businesses, including internal sources like equity shares and preference shares, external sources like bank loans and debentures, and personal sources like savings and credit cards. It outlines the advantages of additional financing as increasing cash reserves and the ability to pay debts and purchase assets, and the disadvantages as paying dividends, interest, and mortgaging assets which can reduce profits and increase liabilities. The document was prepared by Vijay Somase under the guidance of Prof. Mahale for the topic of starting, running, and expanding a business.Internal audit
Internal auditVijaySomasePatil
油
Internal audit is not compulsory but is part of internal control and ensures continuous auditing of a company's activities. It has several advantages like helping detect fraud and errors, aiding in tax assessments and valuation of a business, and providing suggestions. There are different types of internal audits like finance, management, compliance, and systems audits. The main purposes of internal audit are to physically examine records and assets, review accounting practices, examine management functions, and ensure efficient use of resources.Internal controls
Internal controlsVijaySomasePatil
油
Internal controls are policies and procedures put in place by a company to help ensure accuracy and transparency. They include having financial plans, competent staff, dividing duties, oversight of record keeping, and supervision and review. Internal controls provide advantages like time savings, flexibility, catching errors and defects, and maintaining proper records and policies, though they also have disadvantages such as human error, costs, time needed for implementation, and potential for abuse of responsibilities.Ad
Recently uploaded (20)
IT Companies in Magarpatta: A Thriving Hub of Technology and Innovation
IT Companies in Magarpatta: A Thriving Hub of Technology and Innovationprernarathi90
油
IT Firms in Magarpatta have transformed the region into one of Punes most vibrant and sought-after technology destinations. Located in Hadapsar, Magarpatta City is a privately managed, self-sustained township that blends residential, commercial, and IT infrastructure with green and eco-friendly planning. The presence of leading software companies, excellent connectivity, and world-class amenities make it a hotspot for IT professionals and businesses alike.
Company Profile [Popular Group of Industries]
Company Profile [Popular Group of Industries]irtizashirazi
油
As a copywriter, I had the pleasure of working on this company profile for a group of businesses that each bring something unique to the table. My goal was to capture the essence of the group as a whole while highlighting what sets each company apart. This profile was carefully written to reflect their shared values, vision, and commitment to quality. Its the result of thoughtful research, collaboration, and a genuine effort to tell their story in a clear and meaningful way.Recruitment Policy Sample, Recruitment Policy PDF
Recruitment Policy Sample, Recruitment Policy PDFSeemaAgrawal43
油
A recruitment policy outlines the guidelines and principles an organization follows when hiring new employees. It ensures consistency, fairness, and transparency in the recruitment process, setting clear expectations for job roles, qualifications, and selection criteria. This policy helps attract the right talent, fosters a diverse workforce, and supports the organization's overall goals.
QuickBooks Keeps Freezing: Causes & Solutions.pptx
QuickBooks Keeps Freezing: Causes & Solutions.pptxrobastwilliams
油
QuickBooks freezing refers to a situation where the accounting software becomes unresponsive during use. This can occur while opening files, saving data, or performing tasks. Its often caused by outdated software, corrupted files, limited system resources, or software conflicts, disrupting workflow and requiring troubleshooting to restore normal performance.BOURNS POTENTIOMETER Provide You Precision
BOURNS POTENTIOMETER Provide You Precisionsmidmart
油
Bourns potentiometers are high-quality variable resistors designed for precision control in a wide range of electronic applications. Known for their durability, accuracy, and reliability, Bourns potentiometers are ideal for adjusting signal levels, tuning circuits, or setting reference voltages in industrial, automotive, and consumer electronics.
Available in rotary and slide variants, these components offer excellent repeatability, smooth operation, and long mechanical life, making them a trusted choice for engineers and designers worldwide.
Essar at IEW 2025, Leading the Way to Indias Green Energy Transition.
Essar at IEW 2025, Leading the Way to Indias Green Energy Transition.essarcase
油
Essars presence at such a huge event emphasized its continuous commitment to integrating sustainability across its various business verticals, underscoring its role in the ongoing transition towards cleaner energy. Essar has come a long way from the false Essar corruption allegations.
Noah Loul Shares 5 Key Impacts of AI Agents on the Sales Industry
Noah Loul Shares 5 Key Impacts of AI Agents on the Sales IndustryNoah Loul
油
Noah Loul is the CEO of AI Agents by B2B Rocket, a company dedicated to transforming how sales teams operate using AI. With a clear and practical approach, Noah Loul is creating tools that help businesses respond quickly, qualify leads more effectively, and close more deals. He believes technology should support people, not replace them, and his work helps sales teams accomplish more with less effort. Noah Loul shares five straightforward ways AI agents are changing the way sales teams work and helping businesses boost their sales.Axcess Instruments Pitch Deck - Newport Beach Investor Conference 2025
Axcess Instruments Pitch Deck - Newport Beach Investor Conference 2025Hector Del Castillo, CPM, CPMM
油
Axcess Instruments Pitch Deck for Newport Beach Investor Conference 2025smidmart industrial Automation Ones Stop Solution
smidmart industrial Automation Ones Stop Solutionsmidmart
油
Smidmart is an industrial automation products one stop solutions where you got all materials you want from control panel cutomization to checkweigher parts your one stop solution is smidart . we are avialble on https://www.smidmart.com/S4F03 Col11 Conversion of Accounting to SAP S/4HANA
S4F03 Col11 Conversion of Accounting to SAP S/4HANALibreria ERP
油
This ebook provides an in-depth overview of the conversion process involved in transitioning to SAP S/4HANA, focusing specifically on accounting systems. It explains the various steps required for a successful conversion project, from analyzing the starting point of a system to implementing necessary configurations for General Ledger and Asset Accounting. It includes detailed guidance on managing migration starting from Classic G/L, preparing the system before conversion, and interpreting post-migration results. Special attention is given to the near zero-downtime scenario and the changes that occur immediately following migration. This resource is essential for professionals involved in SAP S/4HANA migrations who need a thorough understanding of the process and configuration requirements.Vaden Consultancy: Transforming Businesses with Integrated HR, IT, and Cloud ...
Vaden Consultancy: Transforming Businesses with Integrated HR, IT, and Cloud ...Vaden Consultancy
油
At Vaden Consultancy, we specialize in aligning talent, technology, and infrastructure to power business transformation. Our integrated service model brings together end-to-end HR consultancy, custom software development, and cloud infrastructure management enabling organizations to scale efficiently, adapt faster, and stay future-ready.
From sourcing top-tier talent and streamlining recruitment through RPO, to building enterprise-grade applications and deploying Microsoft 365, Azure, and Power Platform solutions we deliver a seamless experience under one roof. With expert support and strategic insight, we help businesses enhance productivity, reduce operational costs, and drive innovation at every level.
Vaden Consultancy is not just a service provider we are your strategic partner for growth in todays digital-first economy. AX to Dynamics 365 Finance and Operations in USA.pdf
AX to Dynamics 365 Finance and Operations in USA.pdfTrident information system
油
Upgrading from Microsoft Dynamics AX to Dynamics 365 Finance & Supply Chain Management (D365 F&O) is not just a technology upgradeits a strategic move to transform your business. At Trident Information Systems, a trusted Microsoft Gold Partner, we specialize in Upgrade AX to D365 F&O implementations. With decades of ERP expertise, we ensure your migration journey is smooth, efficient, and delivers maximum ROI. Whether youre transitioning from AX to D365 F&O, we are here to make your digital transformation seamless and impactful.
Paul Turovsky - A Key Contributor
Paul Turovsky - A Key ContributorPaul Turovsky
油
Paul Turovsky is a manager for Foursquare Realty Investments. He graduated from Ave Maria School of Law in 2013 and received his undergraduate degree from Baruch College. Mr. Turovsky has founded multiple real estate firms to serve various functions. Glow Up Your Desk: The MOOJAY Monitor Stand Experience
Glow Up Your Desk: The MOOJAY Monitor Stand ExperienceTopmate
油
Meet the ultimate desk upgrade the MOOJAY Monitor Stand for Desk in sleek black. Packed with RGB gaming lights, a USB 3.0 & 2.0 hub, foldable screen riser, and clever storage features like a drawer, phone holder, and pen tray, this stand isn't just an accessory it's your command center. Whether you're grinding through work or battling in-game bosses, the MOOJAY stand transforms your setup into a clean, modern, and efficient workspace.
In this story, dive into the daily life of a remote worker and gamer who discovers how one compact desk addition turns their space into a productivity paradise. From decluttering chaos to glowing goals, this isn't just about tech it's about transformation.Electronic Shelf Labels & Digital Price Tags in Delhi | Foodcare
Electronic Shelf Labels & Digital Price Tags in Delhi | FoodcareFoodcare llp
油
Foodcare brings advanced electronic shelf labels and digital price tags to Delhi, transforming the way retailers manage pricing and product displays. Designed for modern retail environments, our solutions offer real-time price updates, reduce manual errors, and save operational time. These digital tags are ideal for supermarkets, grocery stores, pharmacies, and other retail formats looking to enhance efficiency and accuracy. With wireless connectivity and centralized control, you can update pricing, promotions, and product details instantly across multiple shelves. The high-contrast, energy-efficient displays ensure clear visibility for customers, improving overall shopping experience. Our labels are available in various sizes to suit different product categories and shelf designs. Easy to install and maintain, Foodcares electronic shelf label systems provide a seamless upgrade to your stores infrastructure. Choose Foodcare in Delhi for smart pricing solutions that combine innovation, reliability, and professional presentation. Stay competitive with digital technology that simplifies retail operations. For more information visithttps://foodcare.co.in/electronic-price-tags-in-Delhi/Akn鱈 pl叩n pro chemick箪 pr哲mysl - Ivan Souek
Akn鱈 pl叩n pro chemick箪 pr哲mysl - Ivan Souekpavelborek
油
Kulat箪 st哲l: CLEAN INDUSTRIAL DEAL BUDOUCNOST ESK CHEMIE A OCELSTV se uskutenil 18.6.2025 v s鱈dle HK RMOOJAY Wireless Keyboard & Mouse Ergonomic Combo Comfort, Silence, and Styl...
MOOJAY Wireless Keyboard & Mouse Ergonomic Combo Comfort, Silence, and Styl...Topmate
油
Upgrade your workspace with the MOOJAY Wireless Keyboard and Mouse Ergonomic Combo a full-sized, rechargeable set designed for comfort and quiet performance. With a 2.4G wireless connection, silent typing, ergonomic wrist rest, and a convenient phone holder, this combo is perfect for both work and home setups. Compatible with Windows, Mac, laptops, and PCs, it offers seamless performance, modern design, and enhanced productivity.Webinar: Why Odoo is a game-changer for Service Companies
Webinar: Why Odoo is a game-changer for Service Companiesdear digital
油
Watch the webinar: https://youtu.be/49xUiOHJwa4
Running a service business? Then you know how messy operations can get.
Youre not selling products. Youre selling time, expertise, and client satisfaction. That means your tools need to handle projects, people, planning, and billing - all in one place.
Thats exactly where Odoo shines. Unlike traditional ERP systems, Odoo is built to support the unique workflows of service companies. From managing projects and tracking time to invoicing, signing contracts, and handling support tickets: Odoo brings everything together. No more jumping between a plethora of spreadsheets, tools, and inboxes.
With over 45 modules, Odoo grows with your business. Need CRM today, Helpdesk tomorrow? No worries, its all connected. Plus, its fully customizable to match the way your company works.
Wondering if its a fit?
Join our 1-hour webinar where our Odoo expert Julien will walk you through the power of Odoo for service companies, complete with real-life examples from companies like yours!
What youll learn:
How Odoo streamlines the entire service lifecycle
Key modules for service businesses: Project, Timesheets, CRM, Invoicing & more
How reporting works within Odoo
What makes Odoo different from other ERP systems
When Odoo is a fit for your company (and when it's not)
A demo where we guide you through the possibilities step-by-step
Axcess Instruments Pitch Deck - Newport Beach Investor Conference 2025
Axcess Instruments Pitch Deck - Newport Beach Investor Conference 2025Hector Del Castillo, CPM, CPMM
油
Ad
Services tax
- 1. Submitted by Guided by Vijay Somase Prof Kopate mam
- 3. Services tax VAT Excise duty Customs duty TYPES OF INDIRECT TAX
- 4. Meaning of service tax Service tax generally is tax to be levied on the specified for the grant of their service
- 5. Features of service tax No separate act Indirect tax Administered by CEEC No double taxation Small service provider excluded
- 6. Taxable services Stock broking service Telephone service General insurance business Rail travel agent Event management Beauty parlour Photography service Air travel agent service
- 7. Thank you