Under the two-tiered profits tax rates regime, the profits tax rate for the first $2 million of assessable profits will be lowered to 8.25% (half of the rate specified in Schedule 8 to the Inland Revenue Ordinance (IRO)) for corporations and 7.5% (half of the standard rate) for unincorp...
House Rent Allowance is applicable for salaried individuals under section 10 (13A) of the Income Tax Act in accordance with rule 2A of Income Tax rules. However, self-employed individuals are not applicable for HRA exemption under this rule. Under section 80GG of Income Tax Act, they can ava...
Under the new Tax Code, we observe a drastic reduction of METRs, compared with the current tax laws. Simulations show that METRs decrease with inflation and increase with the real pre-tax rate of return.;The framework for the calculation and analysis of METRs that we have adjusted to Russian...
The Income Tax Department of India is a government agency responsible for income tax regulation and collection. It is a subsidiary of the Department of Revenue under the Finance Ministry. The IT department is headed by the Central Board of Direct Taxes (CBDT). The main responsibility of the I...
To summarize the tax angle of NPS,investments of up to Rs 50,000 in NPS Tier I account in a financial year qualify for additional tax deduction under Section 80CCD (1B) of the Income Tax Act.This is in addition to the Rs1.5 lac deduction available via Section 80C. ...
The method consists of describing the position vectors of electrons using complex coordinates and all the interaction energies with complex notation, whereby simplifications become possible. As is known, in this type of calculation, complicated expressions involving integrals over many variables are ...
From a computational standpoint it is convenient to calculate the net of corporation tax return to a company because, under the new system of taxation, the investment incentives (other than cash grants to which this point has no relevance) can be set against corporation tax only. Hence an ...
Based on investigating many experiment data of smooth cylindrical specimens and welded specimens in the long life regime under the random loading, a new method which can be used to calculate the equivalent stress-fatigue life curves in the long life range is proposed. By the new model.the ...