Below are the primary differences: Petroleum sector has been kept out of the ambit of GST Liquor for human consumption is exempt however tobacco and tobacco products will fall under GST. There is a 1% tax on top of the GST ...Read more
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There are five heads of income to compute the gross total income, namely: 1.Income from salaries 2. Income from house property 3.Profits and gains of business or profession 4.Income from capital gains 5. Income from other sources
There are five heads of income to compute the gross total income, namely:
1.Income from salaries
2. Income from house property
3.Profits and gains of business or profession
4.Income from capital gains
5. Income from other sources
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