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Employee Provident Fund

A provident fund is created with a purpose of providing financial security and stability to elderly people. Generally one contributes in these funds when one starts as employee, the contributions are made on a regular basis (monthly in most cases)….

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Private-limited-companies

Private Limited Company

A type of company that offers limited liability, or legal protection for its shareholders but that places certain restrictions on its ownership. These restrictions are defined in the company’s bylaws or regulations and are meant to prevent any hostile takeover…

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pt

Professional Tax

PT or Prof Tax refers to a tax levied by the state government of Bihar on working professionals. This is a nominal tax based on the income of the employee. we at ‘Smart Accountant in Patna’ take care of your…

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VAT Tax

A value-added tax (VAT) or general sales tax (GST) is a form of consumption tax. From the perspective of the buyer, it is a tax on the purchase price. From that of the seller, it is a tax only on…

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Service tax

What is service tax It is a type of indirect duty levied on particular services that are categorized as taxable services. The responsibility of paying this kind of levy lies on the service provider. This duty can’t be levied on…

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Sales Tax Issues

Central Sales Tax (CST) is a tax on sales of goods levied by the Central Government of India. CST is applicable only in the case of inter-state sales and not on sales made within the state or import/export of sales….

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