7 Ways High Earners Can Lower Their Taxable Income
A higher income often results in increased tax obligations at the federal and state levels. The progressive tax rates employed by the federal government, and occasionally at the local level, impose a higher tax rate as your income rises. However, you can fine-tune your tax strategy to preserve more of your earnings by becoming well-acquainted…
Changes in payment and set off rules under GST from 1 feb 2019
On and from 1st February 2019, The Order for availing the set off of ITC has been changed and new Sections 49A & 49B under The CGST Act 2017 have been made effective. Let us analyse the impact of the same on Trade & Industry – The Amendment – “Utilisation of input tax credit subject to certain conditions….