SALE proceeds of carbon credits will not escape tax when the new Direct Taxes Code comes into effect from April 1, 2012.This is because the DTC Bill 2010 has explicitly stated that money received or receivable
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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 ...
**April 1, 1988 is the date that the current tax regime applying to trusts came into force in New Zealand. Most trusts are required to file tax returns with Inland Revenue in the same way as other taxpayers. In addition, new rules requiring the disclosure of significant additional information...
Gifts in the form of food, drinks, or meals for religious holidays, such as Eid-al Fitr, Christmas, Chinese New Year, Nyepi, and Waisak are not taxable. There is no limit on this value. Gifts for non-religious events, however, must not exceed 3 million rupiah (US$196) per person in...
…Essentially, an American living in Paris would have tax obligations to both France and the U.S., though the U.S. tax code already contains features meant to mitigate double taxation. A French citizen residing in New York typically wouldn’t owe France any taxes on U.S. income. …Roughl...
If you have opted for the New Tax Regime you would be eligible only for deductions for investment in National Pension System. Tax payable may vary depending on the applicable tax slab. Investors are advised to consult their Tax Consultant with respect to specific amount of tax indicated. Ask...
We highlight the 15 types of contracts in China that are not subject to stamp tax. Businesses should note these policies are subject to change.
To help with the transition to this new corporate tax regime, Hawksford can obtain the UAE tax registration number, compute tax, prepare audited financial statements to support the determined taxable income and submit annual corporate tax returns to the FTA on your company’s behalf. Our team can...
Individuals or legal entities who are engaged in business activities, arts or professions to which the "Indici sintetici di affidabilità" (ISA, or summary reliability indices) apply. Taxpayers who are eligible for the flat-rate tax regime. In this case, the taxpayer must have been carrying out...