It is mandatory for an individual to file income tax return in case her gross total income (before allowing deductions under sections 80C to 80U) exceeds Rs.2,50,000 in a given FY (this limit is Rs.3,00,000 for senior citizens and Rs.5,00,000 for super senior citizens). However, i...
Income, Excise, and Estate and Gift Taxes; Effective Dates and Other Issues Arising Under the Employee Benefit Provisions of the Tax Reform Act of 1984; CorrectionLaNita Van Dyke
Restoration of Indexation Benefit for Long-Term Capital Gains- Budget - 2024 Govt of India has proposed that indexation benefit under Long-Term Capital Gains will be restored for immovable property bought before July 23, 2024. As per the provisions, the Long-Term Capital Gains tax would be cal...
However, everybody and anybody is not entitled to take benefit of the aforesaid rebate. Anybody and everybody are not eligible for this rebate. For Instance, HUFs and NRIs are not entitled to this rebate. So Who is Eligible for This Rebate Under Section 87A? There has always been chaos,...
ITR-2 INDIAN INCOME TAX RETURN [For Individuals and HUFs not having Income from Business or Profession] (Please see Rule 12 of the Income-tax Rules,1962) (Also see attached instructions) Assessment Year 2008 - 09 Part A-GEN First name GENERAL Middle name Last name PAN Flat/Door/Block No...
To protect farmers from poverty again caused by health risk attacks, particular attention should be paid to the income reduction of farmers who have now been lifted out of poverty and do not benefit from pro-poor policies. Finally, we should improve the health awareness of farmers and reduce ...
The churches, especially the Catholic church, have also benefitted from restitution of property originally confiscated by the communists. In order to achieve our aims and goals, we formulated the following research hypotheses based on the previous literature review and the analysis of the available ...
The earned income tax credit (EITC), also called the earned income credit (EIC), was intended as a work bonus plan to increase the real spending power of low-income workers and help offset the effect of Social Security taxes.It continues to be viewed as an anti-poverty tax benefit. ...
Income Tax Return must be filed usingfinal interest certificateof home loan, not from FORM-16 which contains data fromprovisional interest certificate.The tax benefit may vary due to change of interest rate, part payment etc. Foreign Assets/Income ...
If the currency exposures against which the Fund is hedged appreciates investors may not benefit from such appreciation. The Fund may seek to exclude Funds which are not subject to ESG-related requirements. Investors should therefore make a personal ethical assessment of the Fund’s ESG screening ...