For the 2023 financial year (January – June), the employer is exempted from withholding the income tax. For the employee, benefits-in-kind must be calculated, paid, and reported by employees in their 2022 annual income tax return. Indonesia’s Corporate Income Tax 2024: Calculating Benefits-i...
Most tax exemptions and deductions will be eliminated to streamline tax filing, allowing taxpayers to file returns easily without dealing with numerous exceptions and unique cases. However, the standard deduction for salaried employees in the new tax regime has been raised by 50% to Rs 75,000. D...
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 Take Deductions and stick with the old tax slabs and not take ...
Amidst this, the finance minister has made some vivid introductions to the new tax regime in the union budget of 2023 by increasing the tax rebate limit. This introduction is a valuable step for the tax system of India which has the potential to be advantageous for taxpayers. Hence, this ...
Jamil Ahmad
35+ years of core area specialization in Cross-over expertise - global tax and regulatory assistance Technology Enabled – Well-established and adaptable information technology Flexibility – Ability to upscale, downsize or curate as per the client’s requirement ...
Mr. Trump is working on "no tax on seniors' Social Security, no tax on overtime pay" as well as renewing the tax cuts in the 2017 Tax Cuts and Jobs Act, White House press secretary Karoline Leavitt said on Jan. 6. But, she added, the president also wants to abolish the "carried ...
eutical Industry]]>Evans, Nathan AEvans, N.2007. ―India's New Patent Regime and its Impact on the Global Pharmaceutical Industry,‖ Pharmaceutical Law Insight, September.
23 December 2024 Is there any update on rebate u/s 87a on STCG / LTCG for New tax regime. I heard it's available now. If yes, shall we file revised or rectification return to claim back the demand paid? Dhirajlal Rambhia (Expert) Follow 23 December 2024 The new utility for the r...
tax could lead to future controversies. And second, once the laws are enacted by jurisdictions, their interaction with countless other areas of a jurisdiction’s tax regime will need to be thoughtfully considered. Audit activity around tax incentives, actively being reconfigured in many jurisdiction...