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
 Haven't got your income tax refund yet? These could be the 5 reasons
 How to rectify errors in an income tax challan online via the e-filing portal? A step-by-step guide
 How sale of foreign shares is taxed in India
 How to structure your salary to reduce your tax burden

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 2023 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting