Articles under Indian Tax Terms

Meaning of term Interregnum period

What is term Interregnum period?   This post explains about term Interregnum period.   Interregnum period Interregnum period means a period when normal government is suspended, especially between successive reigns or regimes. An interregnum (plural interregna or interregnums) is a period of discontinuity or "gap" in a government, organization, or social order. Archetypally, it was the period of time between the reign of one monarch and the next (coming from

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Term information return under Indian Tax

Meaning of term information return under Indian Tax   This post explains about information return under Indian Tax.   Information return An information return is a tax document that certain persons are required to file with the Internal Revenue Service to report certain business transactions. An information return is not an income tax return; it is used for reporting purposes only. Under section 150 of the CGST Act, 2017, talks about the obligation to furnis

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Meaning of entry tax

What is entry tax under Indian Tax   Entry Tax: This post explains about entry tax Entry Tax is a tax on the movement of goods from one state to another imposed by the state governments in India. It is levied by the recipient state to protect its tax base. The tax was introduced on 1 September 2000. The tax applies to dealers, industrial, commercial or trading undertakings, central and state government companies, firms, societies and clubs which carry on business.

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Term Duty Drawback Scheme under Indian Tax

Meaning of Duty Drawback Scheme under Indian Tax   Duty Drawback Scheme The details about Duty Drawback Scheme are explained here. Different types of Duty Drawback Scheme   Introduction: The Duty Drawback Scheme seeks to rebate duty or tax chargeable on any imported / excisable materials and input services used in the manufacture of export goods. The duties and tax neutralized under the scheme are (i) Customs and Union Excise Duties in respect of inputs and (i

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Meaning of Dividend Distribution Tax

Term Dividend Distribution Tax under Indian Tax   Dividend Distribution Tax (DDT): In this article, the information about Dividend Distribution Tax is explained. A brief description about the subject is explained here.   You may contact concerned government agency for latest update. Dividend Distribution Tax (DDT) Under section 115-O of the Act, Dividend Distribution Tax (‘DDT’) is an additional tax payable at 20.36% (including applicable ce

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