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  2. Tax Implications of Selling a Small Business - AOL

    www.aol.com/news/tax-implications-selling-small...

    Selling a small business means income, and income means income taxes. But the way you structure the deal can make a major difference in how much of the sale price goes to taxes, and how much stays ...

  3. Taxation in India - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_India

    Income tax returns are due in India generally on 31 July, 30 September or 30 November, depending on the category of taxpayer. Everyone who earns or gets an income in India is subject to income tax. Income is divided into five categories: Income from Salary, Income from Other Sources, Income from House Property, Income from Capital Gains, and ...

  4. Income tax in India - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_India

    The Income Tax Department is the central government's largest revenue generator; total tax revenue increased from ₹ 1,392.26 billion (US$17 billion) in 1997–98 to ₹ 5,889.09 billion (US$71 billion) in 2007–08. [3] [4] In 2018–19, direct tax collections reported by the CBDT were about ₹ 11.17 lakh crore (₹11.17 trillion). [5]

  5. The Income-tax Act, 1961 - Wikipedia

    en.wikipedia.org/wiki/The_Income-tax_Act,_1961

    Income Tax Department. The Income-tax Act, 1961 is the charging statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. The Government of India brought a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. However the bill ...

  6. 15 Self-Employment Tax Deductions You Should Know - AOL

    www.aol.com/15-self-employment-tax-deductions...

    There are dozens of self-employment tax deductions, including advertising, retirement contributions, health insurance, self-employment tax deduction, travel expenses, business insurance, car ...

  7. Tax Deductions for Small Businesses - AOL

    www.aol.com/finance/tax-deductions-small...

    Fortunately, small business owners are often eligible for several business tax deductions. Here are 15 tax deductions that could help your business save some money this tax season.

  8. Value-added taxation in India - Wikipedia

    en.wikipedia.org/wiki/Value-added_taxation_in_India

    The system of Value Added Tax (VAT) has been implemented, in the State of Maharashtra, w.e.f. 1 April 2005. Every dealer, who becomes liable to pay tax under the provisions of MVAT, shall apply electronically for registration, within 30 days from the date of such liability. VAT is implemented by Department of Sales Tax.

  9. Capital gains tax - Wikipedia

    en.wikipedia.org/wiki/Capital_gains_tax

    Individuals paid capital gains tax at their highest marginal rate of income tax (0%, 10%, 20% or 40% in the tax year 2007/8) but from 6 April 1998 were able to claim a taper relief which reduced the amount of a gain that is subject to capital gains tax (thus reducing the effective rate of tax) depending on whether the asset is a "business asset ...