The concept of Form C is very simple. When Goods are moving from one state to another state generally they are either of Resale and/or for use in manufacturing of Goods. When such goods are purchased either for resale or for use in manufacture, State Government collects the tax when goods are resold or when…
The Employees Provident Fund Organization (EPFO) has introduced the Universal Account Number (UAN) for members. The number allows portability of Provident Fund (PF) accounts from one employer to another without depending on any employer for withdrawal of EPF balance. This UAN number allows a member to view all his or her EPF accounts with current…
Many people, especially new tax payers, find filing their Income Tax Return complicated. But it’s necessary to file your return. If you’re entitled to a tax refund, filing your return will help you get it back and if you have taxes due you can pay them. You wouldn’t want to delay paying your taxes and…
There are certain type of forms which has been prescribed under Sales Tax Rules 1957. Form C for making interstate purchase at lower rate, Form F used to transfer goods from one branch to other in different state without making it as sale form E1 and E2 used when interstate sale or purchase which are…
Every year your employer will issue this document. It is a certificate under the Income-Tax Act, 1961, which gives information on the tax deducted at source (TDS) from income chargeable under the head “salaries”. It gives details of the tax deducted by the employer or company and declares the amount. Form 16 is useful in…