Governments worldwide continue to reform their tax codes at a historically rapid rate. Taxpayers need a current guide, such as the Worldwide Personal Tax and Immigration Guide, in such a shifting tax landscape, especially if they are contemplating new ma
The current corporate tax rate in India is 33.99% for domestic companies whose net income is more than ₹10 crore. When compared globally, this tax rate is among the higher ones, yet not the highest. Authors Written by Akash, Reviewed by Deepa Balakrishnan. Last updated on May 27 2024,...
One-stop solution for all taxes! Whether you're an individual, company, or startup, we manage your tax needs, including ITR, GST, TDS, and legal services.
From the drop-down under the ‘Assessment Year’ section, select the assessment year for which you wish to calculate income tax. Select the ‘Age Category’ from: Below 60 60 or above 80 or above This will determine your income tax rate in the old tax regime, hence it is important to ...
Provided that the provisions of this sub-section shall not apply to any return furnished for the assessment year commencing on or after the 1st day of April, 2017. Section 143 (2): Where a return has been furnished undersection 139, or in response to a notice under sub-section (1) of...
Notwithstanding anything contained in sub-section (1) ofsection 9and subject to the provisions of this section, in the case of an eligible investment fund, the fund management activity carried out through an eligible fund manager acting on behalf of such fund shall not constitute business connecti...
Most Important FAQs on the ITR filing Deadline for AY 2024-25Q.1 – What is the last date for filing an income tax return (ITR) for non-audit cases? Q.2 – Could I E-file My Return after the due date? Q.3 – What is the due date to E-file income tax return (ITR) for ...
In case your income is subject to lower rate of TDS, or is exempted under the Act, you should submit the following, as applicable: For Mutual Funds/ Insurance companies/ AIF (with Category I/ II status):A self-declaration in the format as provided in the link below (as relevant) along...
Landholder duty is charged on acquisitions of a significant interest (being 50 per cent or more) in private companies and unit trusts that directly or indirectly hold NSW land with an unencumbered value of $2 million or more. The NSW Government will amend the threshold of what constitutes a ...
The marginal tax rate increasesas a taxpayer’s income increases. There are different tax rates for various levels of income. In other words, taxpayers will pay the lowest tax rate on the first “bracket” or level of taxable income, a higher rate on the next level, and so on. ...