Exemption from tax on LTCG: A new section 54EE has been inserted in IT Act for the eligible startups to exempt their tax on long-term capital gain (LTCG) if such a long-term capital gains or a part thereof is invested in the fund notified by the CG within 6 months from the date ...
Prove tax residency to avail of tax exemption in IndiaSonu Iyer
equitable and transparent India by 2030. The proposed amendments have been positively received by the industry and the common man. Enhancement of standard deduction for the salaried class and tax exemption for all taxpayers deriving income upto INR 5 lakhs a year will provide some relief to the ...
VAT exemption for products and services for the medical sector Draft Government Decision on the norms for the application of Law nr. 88/2023 has been published for public debate. The law introduced new VAT exemptions with the right to deduct in the medical sector, with applicability from 12 Ju...
September 10, 2024Arpit KulshresthaIncome Tax News and Articles, Taxes in India 5 Minutes Read Similar to Tax Exemption, Every budget and every successive government proposes a rebate of tax for a certain level of income. At Present, the rebate of tax is accessible for those individuals whose ...
54EC capital gain bonds are the fixed income finance instruments which are entitled for the tax exemption u/s 54EC, benefitting the investor. Capital gain bonds are non-transferable as well as non-negotiable bonds. TDS on the investment in capital gain bonds is exempted. The interest earned ...
Note: The exemption doesn't apply to interest payments to non-residents. They must have a place of business, or permanent establishment in Malaysia. Is royalty income subject to withholding tax in Malaysia? Royalties paid to non-residents are subject to a10% withholding taxon thegross amount, ...
Related Read:GST Exemption: List of Goods and Services Exempt Under GST Frequently Asked Questions (FAQs) 1. Define GST in Simple Terms Simple definition of GST: GST, or Goods and Services Tax, is a single tax system in India that applies to the supply of goods and services. It was intr...
April 11, 2024CA Preeti Punihani (Ex-employee)Income Tax News and Articles, Taxes in India 5 Minutes Read Individuals with income exceeding more than the basic exemption limit are required to file an Income Tax return within the due date and if the person fails or misses the due date then...
Mr. Nair, Secretary General of the India Textile Industry Federation, said: "Pakistan is the only country in South Asia Free Trade Area (SAFTA) that does not enjoy the tax exemption from its textiles and clothing exports to the India market." DK ...