You cannot claim for tax exemption if your owned and rented property belongs to the same city. However, you can claim for tax exemption on both HRA and home loan if your owned property is far from your work place and thus the rented residence has been availed. What are the features of ...
Overseas entities which failed to meet this deadline will now face severe restrictions on their ability to buy and sell property and could risk future financial penalties or prosecution. Companies House is urging all in scope overseas entities to contact it urgently if they have yet to register....
Section 35AD has been inserted w.e.f. AY: 2010-11 to provide for investment- linked tax incentive by introducing the concept of allowing deduction for investment made in a new business ‘based on investment’. The deduction u/s 35AD is available subject to fulfillment of certain conditions ...
Opportunity Zone designations have increased property values within them by 1.1 percent, creating an estimated $11 billion in wealth for the nearly half of Opportunity Zone residents who own their own home. Opportunity Zones have attracted $75 billion in funds and driven $52 billion of new invest...
Overseas losses may only be carried forward (for a period of 20 years) for deduction against overseas income. Dependant Rebates The allowable dependant rebates for salary or wage earners are built into the tax rate schedule. Non-salary or wage earners who are resident in Papua New Guinea ...
Benefits in kind (among other items) are not subject to personal income tax. Other Taxes Property tax Property sales tax Other On agriculture land and buildings. The tax rate varies according to the size, location and age of the assets. The tax rate varies according to the size, location ...
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which follow a review of business taxation; • the rewrite of the entire Income Tax Assessment Act into plain English; • the introduction of a goods and services tax (GST) from 1 July 2000; and • the introduction of the new debt/equity and thin capitalisation regime from 1 July ...