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...
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...
Feb 10, 2023|0 comments Tax slabs rates in old and new tax regime Connect with Us
Hello Experts If my deposit interest income and short term capital gains in FY24 add up to about 6 lakh do I still need to pay STCG tax and file returns for A Y 2024 25 Thanks in advance
Instead, the new tax regime is an effort by the Chinese government to close a loophole through which so-called “daigou” agents and parallel importers had been able to operate for years, essentially paying very little tax on the goods they buy overseas and ship back to Chinese consumers, ...
To aid taxpayers in understanding the implications of the new regime, here's a breakdown of some exemptions available: Maturity of Life Insurance Policy:Tax-free if the premium paid does not exceed 10% of the sum assured. Gratuity Received from Employer:Tax-free up to a certain limit as per...
4) new export rebate policy 出口退税新政 1. It was called "new export rebate policy" or "new export regime". 2003年10月13日,国务院发布《关于改革现行出口退税机制的决定,》自2004年1月1日起实施,被称为“出口退税新政”。5) adjustment of exportation tax reimbursement policy 出口退税政策调整 ...
Cross-border information sharing and aggressive tax enforcement means companies must act to reduce risk, enhance decision-making and promote cost efficiencies.