Raghunath Rao
It is not important from what source the income is received but the taxability of income is dependent upon the following summary, which will clear this doubt regarding taxability of any income and from any source.1. Income received in India - Earned/accrued in India - Taxable in India2. ...
Tax computation of Income earned from cryptocurrency The two consecutive lockdowns in India, made people understand the importance of having a passive income source. However, tons of individuals’ value more high investment in cryptocurrencies. In India, around 10 million crypto stakeholders ...
It is classified as Long Term Capital Gain Tax(LTCG) and Short Term Capital Gain(STCG) based on the asset you sold, the time period you owned the asset. Income from Profits and Gains of Business or Profession: Income earned through your profession or business is charged under the head ‘...
Do not claim fake deductions in ITR in order to reduce income tax liability. If the income is more than the basic exemption limit, filing of return is mandatory. Mention your accumulated income earned from all the employers, if you have changed the job. When you select the wrong ITR form...
If you can max out your 401k or max out your IRA and then save an additional20%+of your after-tax, after-retirement contribution, good things really start to happen. The ultimate goal I recommend is for everyone toshoot to save 50%of their after-tax income or more. ...
Looking for the blogger earning proof? Here’s the Semrush earning report of Anil Agarwal; On average, Anil made over$13,300 per monthin 2023. You can also check out theBloggersPassion income reportsto find more details about the blog’s income and traffic sources, along with the screenshot...
QUESTION: the Income Tax Act,1961 provides for taxation of a certain income earned in India by Mr. X a non-resident. The DTAA ,which applies to Mr. X provides for taxation of such income in the country of residence. Is Mr. X liable to pay tax on such income earned by him in Indi...
Banks also deduct tax at source (TDS) at the rate of 10% if the interest income for the year is more than Rs 10,000. In addition to this, Standard Chartered’s Term deposit and Recurring deposit products offer senior citizens with higher interest rates. Smart account Apart from term ...
SEC (Securities and Exchange Commission) yield: A standardized 30-day yield that reflects the interest earned by the fund’s investments minus the fund’s expenses. Yield to maturity (YTM): This represents the estimated return of all securities in the fund if held to maturity. YTM is forward...