For example, Company HR Ltd. made $20,000 in FY17-18 and paid a tax of $5000 (assuming a 25% tax rate), but later the company realized that the tax slab was 28%. So then, in this case, $600 must be paid along with next year's tax payment. #4 - Long-Term Provision Provisi...
From a tax perspective, it is like that of physical gold. If you sell a gold ETF unit within three years, there will be a short-term capital gains tax applicable based on your income tax slab. While if a Gold ETF unit sold after 3 years, a 20 per cent long...
NRO FD is similar to normal bank FDs available to resident Indians. The deposit tenure can be from one week to 10 years and the interest rates are generally same as normal bank FDs. The interest received on this deposit is taxable as per applicable income tax rates. NRIs can take advantag...
12. I am aware of, and have access to, the necessary and appropriate public and private data sources, such as multiple listing services, tax assessment records, public land records and other such data sources for the area in which the property is located. 13. I obtained the information, ...
Also, the average income reported by rich Indians (those in the highest tax slab) has decreased. Over the last five years, theshare of the richest top1% in the total tax collected hasdecreasedby almost four percentage points. The same is the case with the top 5% income earners, wherein ...