2. A 2 January report byBloombergnoted that in the past, people could avoid tax on overseas earnings by acquiring a foreign passport or green card, while keeping their Chinese citizenship. This method will no longer operate because the government will tax global income from all holders of "huk...
Gst new tax regime: issues and challengesKapil Kapoor
From FY 2023-24, tax rates for the new tax regime are revised. The new Tax Regime was introduced in Union Budget 2020-21. So now there is old tax regime, new tax regime applicable till AY 2023-24 and Revised new Tax Regime applicable from AY 2024-25.Now taxpayer has a choice to Ta...
Feb 10, 2023|0 comments Tax slabs rates in old and new tax regime Connect with Us
If the benefit-in-kind was received in the 2022 financial year, then the employer is exempted from withholding the income tax, and the employee is exempted as an income tax object. For the 2023 financial year (January – June), the employer is exempted from withholding the income tax. For...
The government offers taxpayers a choice between the traditional old regime, which includes numerous deductions and exemptions, and the new regime with simplified structures and lower tax rates.
(Worthy News)– A new report by human rights organization Korea Future attests that the North Korean communist regime uses imprisonment, torture, and starvation to persecute Christians, Christian Today (CT) reports. North Korea ranks one on the US Open Doors Watch List 2021 of the top 50 ...
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A new tax on online real money gaming (RMG) companies under India’s Goods and Services Tax (GST) regime has left the once-sunrise industry in a state of panic, with market players announcing layoffs and closures, revenue projections dropping significantly, and t...
Standard deduction when income is Pension + Income from business/profession (under new tax regime) Shifting to New Tax Regime for AY 2023-24 Failure on new employer to deduct additional tax Old Regime and New Regime Long term capital gain and purchase of new flat Income tax under new regime...