The Direct Tax Code (DTC) 2025 will replace the Income Tax Act of 1961 and the Wealth Tax Act of 1957, bringing India streamlined and modernised tax systems that clarify regulations, widen income tax brackets, reduce deductions, and aim to increase compliance. The new tax code will consolidate...
Taxpayers in India will need to file income tax returns for Assessment Year 2023-24 by 31st July, 2023. Get the tips to meet the due date on time.
Part IVA: Post-Hart.(Australia. Income Tax Assessment Act 1936)(Brief Article)D'Ascenzo, Michael
Those customs duties that are still imposed today are usually either one of two types—specific duty, a tax levied on the quantity, whether by weight, size, or number, of the goods; or ad valorem duty, a percentage of the foreign or domestic price. The ad valorem duty is generally consi...
Now, let us discuss the various tax-benefits offered under 1961, Income Tax Act listed below: Benefit Within Section 80C:Within Section 80C, it essentially permits an exemption for any life insurance premium until Rs 1.5 lakh each year. This sum likewise would also include the premium that is...
Supreme Court case in which the court voided portions of the Wilson-Gorman Tariff Act of 1894 that imposed a direct tax on the incomes of American citizens and corporations, thus declaring the federal income tax unconstitutional. The decision was mooted (unsettled) in 1913 by ratification of the...
and labor that has been expended on their production constitutes their value. The proportion in which some commodities are exchanged for others is called the exchange-value. Thus, value manifests itself externally in the act of exchange, that is, in the exchange-value; the use-value of the ...
From the foregoing enunciation of law on the subject, it is clear that an official of the bank may qualify to be a public servant and for prosecuting such an official in connection with offences under the provisions of Prevention of C...
The determinants of a firm’s strategic orientation and its implication on performance: A study on Indonesia state owned enterprises Sofik Handoyo, Harry Suharman, Erlane K Ghani & Slamet Soedarsono Article: 2220209 | Received 17 Jun 2021, Accepted 28 May 2023, Published online: 27 Jun 2023 ...
Tax assessment The tax assessment process is done through a self-assessment system (SAS), which means you’ll have to calculate your company tax. Operating on a current-year basis, your business will be taxed based on the income earned in a financial year. For example, if your business...