The Multistate Tax alert archive includes external tax alerts issued by Deloitte Tax LLP's Multistate Tax practice during the last four years. These external alerts highlight selected developments involving state tax legislative, judicial, and administrative matters. The alerts provide a brief summ...
There is a different rate of taxation for each tax slab. What are the Existing Tax Slabs? Under the existing tax structure, there are 3 tax slabs for which income tax is levied. These include 5%, 20%, and 30% tax slabs. The citizens currently have an option to continue with the ...
Assessments 94 Tax Collection Using Distress Warrant 100 Tax Dispute and Resolution Objections; Appeals; Other avenues for tax dispute resolution; Judicial Review Requests to the Supreme Court 102 Contacts 106 Corporate Income Tax Corporate Income Tax Tax rates Generally a flat rate of 22% applies. ...
(22% rate for certain domestic companies) and Section 115BAB (15% rate for new manufacturing companies) continues to remain intact. One of the conditionalities to avail the preferential regime under Section 115BAB is for the new company to have commenced its manufacturing or production activities...
2022.Firms had to hold assets for a year to qualify for the lower rate before the TCJA took effect. This requirement now extends to three years. This can hurt hedge funds that trade frequently, but it shouldn't affect private equity funds that typically hold on to assets for around five ...
Return on net assets (ROE, net income divided by average net assets). The return on net assets is the return rate obtained by the common stock investor entrusting the company’s management personnel to apply their funds. The higher the return on net assets is, the stronger the profitability...
For these additional years, we apply to each group's variables the average year-to-year growth rate of its revenues over the 2016–2022 period. 3.2 Geographical distribution of sales, profits, depreciation and payroll To obtain revenue estimates from Pillar One Amount A, one would ...
FORM - 13 Application by a person for a certificate under section 197 and/or 206C(9) of the Income Tax Act, 1961, for no deduction/collection of tax or deduction/collection of tax at a lower rate. FORM - 15C Application by a banking company for a certificate under section 195(3) ...
The Buy Back of share will be taxed in the hand of the company as tax on distribution of income under provisions of Section 115QA of the Income Tax Act, 1961. SECTION 115QA- provides that a domestic company distributing its income through buy back of shares or have to pay income tax ...
re one of them, it is time for you to buckle up and file yourbelated return u/s 139(4). You can file a belated return till 31st December of the relevant Assessment Year. So if you haven’t filed your ITR for AY 2022-23, you can file a belated return by 31st December 2022. ...