Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Top Headlines »
Open DEMAT Account in 24 hrs
 MSME Payment Rule in Tally Prime: Understanding the Law and Its Impact on Businesses in 2025 The MSME (Micro, Small and Medium Enterprises) Payment Rule is a legal framework introduced under th
 Multipurpose Empanelment Form (MEF) 2025 26 Meaning, Purpose, and How to Manage It in Tally Prime
 GST Appellate Tribunal (GSTAT) Structure, Powers, and Its Relevance in Tally Prime Implementation
 How Tally Prime Supports the Real Estate & Construction Industry in India
 Comparison Between Tally Prime 6.1 and Tally Prime 6.2
 How Tally Prime Renewal Helps Save My Data
 Where to Buy Tally Prime 7.0 at the Best Rates Possible
 CBDT extends specified date for filing of various reports of audit for the Assessment Year 2025-26
 Tax audit deadline nears: Will Finance Ministry grant an extension?
 Are large income tax refunds getting delayed? Here s what you can do if you are yet to receive refund
 MSME Form 1 for Enhanced Reporting in Tally Prime Silver

Chamber hails tax concessions
December, 13th 2006

More than one lakh small and medium traders in the State would be benefited by the concessional rate of tax announced by the Government of Tamil Nadu, Mr S. Rethinavelu, President, Tamil Nadu Chamber of Commerce and Industry, said.

In a statement here, he said, as per the Tamil Nadu Value Added Tax 2006, every dealer who effects second and subsequent sales of goods purchased within the State, whose total turnover for a year is less than Rs 50 lakh, may, at his option instead of paying tax as per VAT rates, pay a compounding tax on his total turnover at such rate not exceeding one per cent, as may be notified by the Government under compounding rate of tax method.

The chamber had sought the rate to be fixed at 0.5 per cent and the Government has conceded the demand.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting