Per the Income tax Act, 1961, income tax is deducted at the source by the receiver of the service at the time of advance payment or accounting of credit, whichever occurs first. The person who makes the payment must deduct the tax amount and pay only the net balance to the provider of...
Reworking the definition of non-resident Indians (NRIs), the Budget document said the I-T Act provides that an Indian citizen or a person of Indian origin shall be Indian resident if he is in India for 182 days in that year. But with 240-day change, the government still has not confir...
SEP introduced in the Income-Tax Act, 1961 (‘ITA’) from April 1, 2018 It expands the scope of income of a non-resident which accrues or arises in India that results in a ‘business connection’ in India for that non-resident. The resulting income, attributable to the S...
Twice the rate that is specified in the relevant provision of the Income Tax Act Twice the rate or rates that are in effect A rate of 5 percent Section 206CCA: TCS will be applied at a higher rate, as described here: Twice the rate that is specified in the relevant provision of th...
Voters must be “ordinarily resident” of the polling area of the constituency where they would like to be enrolled, and they must be registered to vote: they must have a valid voter ID card. Voters go to a polling booth within their constituency to cast their vote, which is recorded ...
Income Tax Act, 1961:Indian subsidiaries must file income tax returns every year. The corporate tax rate in India is currently 25%. Annual Returns:Companies are required to file annual returns with the MCA and the Registrar of Companies. ...
Definition:- 2(1) In these regulations, unless the context otherwise requires,-* *(a) `Academay’ (sic) means Lal Bahadur Shastri National Academy of Administration;* *(b) [ ];* *(c) `Director’ means the Director of the Academy; and * *(d) `Schedule’ means a Schedule appended ...
creation of theDominionofCanadain 1867. The new Canadian government quickly stated its intent to annex the northern Plains, most of which had until then been part ofRupert’s Land, a territory of theHudson’s Bay Company; annexation proceeded without consultation with the area’s resident tribes...
Ever since Sun Yat-sen, China has been going through a complex process of self-discovery and self-definition. An ancient nation where Maoism despoiled the traditional culture and destroyed Tibet, China causes others to fear it because of its inscrutability. But it has not been aggressive in ...
Currently serving as a Resident Physician at HealthifyMe, I have worked with premier hospitals such as Manipal Hospital, Bangalore as a Resident in Plastic and Reconstructive surgery and Rajiv Gandhi Government Hospital, Chennai as a Medical Officer. I aspire to put my knowledge in medicine to ...