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Final ONDC sellerto be liable for TCS, CBDT clarifies

In detailed guidelines, the CBDT said TCS will be collected on the gross amount charged to the customer. In case the buyer receives a discount, the TCS will be on the final invoice raised to the buyer irrespective of whether the first e-commerce operator is offering the discount or the second. The CBDT also said in case of purchase of goods which are not under the purview of Goods and Services Tax, the TDS will be applicable on the amount without including state levies, VAT or other tax. ....

Network For Digital Commerce , Services Tax , Central Board , Direct Taxes , Open Network , Digital Commerce , Income Tax Act , E Commerce ,

dividend stocks: Investors reap high returns on dividend paying stocks in 2023

The difference of 21% in these returns has been the highest since 2007 according to the data from Bloomberg. TCS and ITC, each of which has 9% weight in the dividend index, recorded double digit returns of 16% and 36% respectively in 2023 while HCL Technologies with 5% weight gained 42%. NTPC, Coal India, and Power Grid Corporation of India were other index constituents which gained handsomely in 2023. ....

Nifty Dividend Opportunity , The Nifty Dividend Opportunity 50 , Power Grid Corporation Of India , Hcl Technologies , Dividend Stocks , Coal India ,

PE ratio: How to read the PE ratio for smart investing

The PE ratio is calculated by dividing the price of a stock or an index by the earnings per share , or EPS, (net profit divided by the number of common shares outstanding). For example, if a stock is trading at ₹50 and its earnings per share is ₹10, then the PE ratio is 50/10=5. ....

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Income Tax dept sends advisory to taxpayers over mismatch in ITR, TDS/TCS deductions

Amid social media posts regarding communication from the I-T department regarding mismatch in TDS/TCS deductions and ITR filing data, the income tax department said such communication is to facilitate the taxpayers and make them aware of the information available with the I-T department regarding the transactions reported by the Reporting Entities during the year. ....

New Delhi , Income Tax Department , Income Tax , Reporting Entities , Reporting Entity , Compliance Portal , It Act , Tax Notice ,

Wealth creators: RIL at the top; Adani Enterprises best all-rounder; Capri Global most consistent

Several businesses have created big value for investors amid fluctuating economic environment. ET Wealth explores the finer details of Motilal Oswal s 28th Annual Wealth Creation study. ....

Adani Power Energy , Adani Enterprises , Lloyds Metals , Adani Power , Adani Energy , Capri Global , Hdfc Bank ,