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TDS And TCS Under GST

Registration of businesses liable to deduct TDS and collected TCS It may be noted that as per the initial notification issued by the government on 26th June 2017, the provisions of TDS and TCS under GST were put on hold and it was communicated that the same will come into force at a later date. However, the GST Council, at its 21st meeting in Hyderabad, decided to open registration of persons liable to deduct TDS and TCS under GST from 18th September. However, the date from which TDS and TCS under GST will be deducted or collected will be notified by the Council later, as per the latest tax provisions under GST. TDS under GST What is the rate of TDS under GST? TDS under GST law, is to be deducted at the rate of 1% on payments made to the supplier of taxable goods and/or services, where the total value of such supply, under an individual contract, exceeds INR 2,50,000. However, it is to be noted that no tax deduction is required where the location of s...

Here are the top 25 office gadgets and tech must-haves for the coming year:

1. bttn Saku Everi, Director for Marketing & Communications, The Button Corporation In an office environment, bttns are used as a shortcut to products or services, or to trigger entire workflows. This product lets you complete most office tasks like reordering office supplies, ordering a call-back from tech support, booking a vacant meeting room, and marking timesheets at a press of a button. Bttn comes with stand-alone connectivity for easy deployment, as well as integration tools. 2. AirBar Brenda Manea, Senior Account Executive, BAM Communications AirBar is a sleek, lightweight device that instantly turns your regular laptop into a touchscreen. Simply attach the bar to the bottom of your laptop display via magnets, plug in via USB, and use anything from a paintbrush to a gloved finger to interact with your screen. It is compatible for both Windows 10 laptops and Macs. Small businesses can invest in an AirBar to use on lapto...

Income Tax in India : Guide, IT Returns, E-filing Process 2018 Updated on Nov 30, 2018 - 11:54:19 AM Taxes in India can be categorized as direct and indirect taxes . Direct tax is a tax you pay on your income directly to the government. Indirect tax is a tax that somebody else collects on your behalf and pays to the government eg restaurants, theatres and e-commerce websites recover taxes from you on goods you purchase or a service you avail. This tax is, in turn, passed down to the government. Direct Taxes are broadly classified as : Income Tax – This is taxes an individual or a Hindu Undivided Family or any taxpayer other than companies, pay on the income received. The law prescribes the rate at which such income should be taxed Corporate Tax – This is the tax that companies pay on the profits they make from their businesses. Here again, a specific rate of tax for corporates has been prescribed by the income tax laws ...

Hacking Linux OS: Complete Tutorial with Ubuntu Example

This Information is only for Education Purpose Only.... Hacking Linux OS: Complete Tutorial with Ubuntu Example Linux is the most widely used server operating system, especially for web servers. It is open source; this means anybody can have access to the source code. This makes it less secure compared to other operating systems as attackers can study the source code to find vulnerabilities . Linux Hacking is about exploiting these vulnerabilities to gain unauthorized access to a system. In this article, we will introduce you to what Linux is, its security vulnerabilities and the counter measures you can put in place. Topics covered in this tutorial Quick Note on Linux Linux Hacking Tools How to prevent Linux hacks Hacking Activity: Hack a Linux system using PHP Quick Note on Linux Linux is an open source operating system . There are many distributions of Linux-based operating systems such as Redhat, Fedora, and Ubuntu, etc. Unlike oth...

Top 12 Hacking Software For Windows Users: This Information is only for Education Purpose. Do not use for any missuses. 1. Metasploit – Penetration Testing Software: It provides data on the vulnerabilities in the security system and performs penetration tests. Metasploit evades leading anti-virus solutions 90% of the time and enables you to completely take over a machine you have compromised from over 200 modules. As a penetration tester, it pin points the vulnerabilities with Nexpose closed–loop integration using Top Remediation reports. Using the open source Metasploit framework, users can build their own tools and take the best out of this multi-purpose hacking tool. 2. Acunetix Web: Acunetix is a web vulnerability scanner (WVS) that scans and finds out the flaws in a website that could prove fatal. By using Acunetix Web Vulnerability Scanner you can perform a full web scan from your computer in windows. This is the fast and easy which s...

Flipkart delivers Rs 10,000 crore 'smile' to government

W almart's acquisition of 77 per cent stake in Flipkart has made the income tax department richer by over Rs 10,000 crore after the American retail giant agreed to pay all dues in consultation with the government. The payment by Walmart brings to an end the uncertainty regarding tax dues related to the $16-billion transaction, which included a $2-billion fresh investment. As a result, the taxes were paid on the basis of the share sale estimated at $14 billion. While Walmart confirmed that it had cleared the tax liability, it did not mention the amount. "We take our legal obligations seriously, including paying taxes to governments where we operate. Following our Flipkart investment, we have now completed our tax withholding obligations under the guidance of the Indian tax authorities," a company spokesperson said in response to a questionnaire from TOI. On August 10, TOI had reported that the Walmart-Flipkart deal will help th...

Google and its sibling companies operating under the umbrella of Alphabet Inc. are now worth $800 billion.

Google and its sibling companies operating under the umbrella of Alphabet Inc. are now worth $800 billion. S AN FRANCISCO: Twenty years after Larry Page and Sergey Brin set out to organize all of the internet's information, the search engine they named Google has morphed into a dominating force in smartphones, online video, email, maps and much more. That resounding success now has regulators and lawmakers around the world questioning whether the company has become too powerful as its ubiquitous services vacuum up sensitive information about billions of people hooked on its products. Google's search engine remains entrenched as the internet's main gateway, and its digital advertising business is on pace to generate about $110 billion in revenue this year. Much of that revenue now flows through Google's Android operating system, which powers 80 percent of the world's smartphones. Google also runs the biggest video site in YouTube , the...

Vodafone Idea's $10 billion saving plan could cost 2,500 jobs

Both Idea Cellular and Vodafone Idea, in the run-up to the merger, have already let go of about 5,000 employees. NEW DELHI: Vodafone Idea , India’s largest telecom company, is moving towards realising its targeted $10 billion synergy benefits from the merger, with a major part being rationalisation of tower tenancies, and is also likely to limit employee headcount to 15,000 levels. Vodafone India and Idea finally completed their merger last week — about two months behind schedule — and will need to shed up to 2,500 people from its 17,500-18,000 staff. While some are likely to be absorbed in their respective parent companies — Vodafone Group and Aditya Birla Group — some others will be taken care of by natural attrition. The week-old company is also likely to hold back promotions and increments for a while, people familiar with the matter said. Vodafone Idea however denied the employee-related moves, calling them “speculation”. “There will ...

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