Tax cuts in pipeline - India expects new incentives to revive foreign investment
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Section 80C offers more than 10 investments where you can invest to save tax, However many a times you need not actually do this investment as its already covered due to expenses like children tuition fee or automatic EPF deduction for salaried. In case you are new to taxes and investment d...
Save More Foxconn Aims to Double Jobs, Investment in India Over Next 12 Months More Reuters FILE PHOTO-A woman drives past the logo of Foxconn outside the company's building in Taipei, Taiwan November 9, 2022. REUTERS/Ann Wang/File Photo (This Sept. 16 story has b...
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Save More India Expects at Least $25 Billion Investment Under Semiconductor Incentive Scheme More Reuters FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration By Munsif Vengattil NE...
There are various ways for individuals to save tax on their annual income. The Income Tax Act provides several exemptions from the salary while computing taxable income. In addition to the exemptions, the income tax also has various sections under which individuals can invest their money and save...
This occasionally occurs as a result of changes to tax laws that take place in the middle of the financial year. It can also happen when a company experiences a loss during a fiscal year since those losses might be applied to future taxable gains. 10. What is the difference between a mer...
Income Tax (IT) Declaration:In the beginning or during the financial year, employees are required to declare all the IT saving investments and expenses they’ve planned for that year in your Payroll application. This process is known as IT Declaration. Proof of Investments (POI):Towards the en...