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FYI or Fyi: , "for your information". The recipient is informed that they do not have to reply to this email. FYSA, meaning For Your Situational Awareness. The recipient is informed that this information may be important context for other communications but contains no action required.
Pre-GST, the statutory tax rate for most goods was about 26.5%; post-GST, most goods are expected to be in the 18% tax range. The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment to the Constitution of India by the Government of India. 1 July is celebrated as GST Day. [4]
From 1 May 2018 onwards Ministry of Finance of Government of India started releasing monthly GST revenue collection data via official press release through Press Information Bureau. And to further improve transparency Government of India started issuing state-wise monthly collection data from 1 January 2020.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
For example, if a form contained a field for a middle name, and the person filling out the form put "N/A", the computer might interpret this as "N/A" being the person's middle name; this in turn might result in the person receiving mail from the company that produced the form with "N/A" where a middle name would normally appear. [8]
FYI" is a common abbreviation of "for your information". [1] The term, originally a wire service abbreviation used by journalists, [ 2 ] is commonly used in email , instant messaging and other messages to indicate an informational message or explanatory statement not suggesting any action, or requiring a response.
Among other things, the value of Ke and the Cost of Debt (COD) [6] enables management to arbitrate different forms of short and long term financing for various types of expenditures. Ke applies most prominently to companies that regularly generate excess capital (free cash flow, cash on hand) from ongoing operations.
India faces more difficulties in proliferating its income tax than a country like China, who subjects 20% of its population, because there is an emphatically low amount of formal wage earners. [27] Even though India's income tax was instituted in 1922 by the British, their tax history explains their high degree of tax delinquency today. [27]