In India, the tax is not imposed on the long-term capital gains of stocks and equity mutual funds. But, 15% tax is levied on the short-term gains. Both short and long-term capital gains are taxed in the case of debt mutual funds. While the long-term gains on debt mutual funds are...
Generally, property tax in India is calculated in three different ways. Annual Rental Value (ARV) - In this process, the gross annual rental value of the taxable property is determined by the Government/Municipality. Cities like Delhi, Chennai, etc., follow this system to calculate tax. Ho...
How to calculate the road tax in India? Read more about RTO charges & how it is calculated, how to pay the road tax, toll tax & state wise list of the road tax in India
10. Finally, you can see that the Tax is computed automatically in the system. Click on the 'Save' button to create the Invoice. Do note that the calculation for Tax will differ depending on the place of supply. If the transactions occur within the same state, it will attract CGST and...
Also see Withholding Tax Rates For Foreign Companies Doing Business In India Under The Tax Treaties & the Joint Ventures in India. Also see Entry Strategies in India for Foreign Investors. A foreign company planning to enter India, is required to meet all requirements of incorporating in India ...
How is IGST calculated under Imports? How is IGST rate on imports treated? GST and e-Commerce Business, FAQ Definition of E-Commerce under GST TDS under GST, Frequently Asked Questions Does Interest attract on GST Tax payment delay?
How is IGST rate on imports treated? How to register a Digital Signature Certificate under GST in India.GST and e-Commerce Business, FAQ Definition of E-Commerce under GST How to identify the steps in enrolment process of a tax payer at the GST common portal. ...
How to export from India to Bhutan? How is IGST calculated under Imports? How is IGST rate on imports treated? GST and e-Commerce Business, FAQ Definition of E-Commerce under GST TDS under GST, Frequently Asked Questions Does Interest attract on GST Tax payment delay?
Tax calculation on gratuity Depending on your employees’ eligibility for receiving gratuity, there are three different ways in which your employees get taxed. If it is a government employee (under either central or state government) who is eligible for gratuity, they’ll be exempt from income ta...
take the standard deduction if you do not itemize your deductions using Schedule A of Form 1040 to calculatetaxable income. The amount of your standard deduction is based on your filing status, your age, and whether you are disabled or claimed as a dependent on someone else’s tax return.3...