Application for relief can be made to the Director General of Inland Revenue (DGIR) for tax returns which are incorrect due to the following reasons: Reasons Time frame Error or mistake made by the taxpayer. Overpayment of tax for a YA - within 5 years from the end of that YA. No ta...
Last Updated -- March 5th, 2023 Income tax is a type of direct tax levied on the working citizens by the Government of India. The Income Tax Act of 1961 grants the Central Government the authority to regulate and collect such tax, based on the Union Budget. As earning individuals, firms...
Qualified course or tuition fees, earned income relief, parent relief and support of dependents, professional development expenses and premiums paid on life insurance policies, and any other special reliefs. Personal Income Tax Reliefs Tax reliefsQualifying categories or criteriaYA 2015 onwards (SGD) ...
And finally, there’s the person with the extremely detailed proposal. And, yes, it did well, with seven comments, four likes, a love, and a care, and a very nice two hundred and thirty-eight views. Ya just gotta ask the right question. “Yurt” Corn, Garden Pride, and a Community...
While many of the proposed legislative amendments are to effect the tax changes announced in the 2020 budget, such as the corporate income tax rebate and the enhanced loss carry-back relief scheme for the Year of Assessment (YA) 2020, there are also non-budget amendments prop...
Net Profitable Tax 6,645 In YA 2023, your company also purchased: A new private car (SJX 123) A computer for SGD 1,200 A filing cabinet for SGD 300 There were no unutilised capital allowances brought forward from the previous YA. Your company’s ECI is calculated as follows: ...
“As envisaged under the African Union Malabo Declaration, transforming African economies will need ensuring that future growth is broad based and inclusive, especially of women and youth, a critical component of the Africa We Want as depicted in the Africa Agenda 20...