Since 2014, a special taxation regime has been provided for business trusts. The special taxation regime, inter alia, provided a pass-through status to business trusts in respect of interest income, dividend income received by the business trust from a special-purpose vehicle in case of both REI...
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...
Taxation of NRIs on gifts and inheritances from India New Tax Regime in India – A Comprehensive Guide (Updated for 2024-25) Mandatory Fraud Reporting Obligations of Statutory Auditors Have a Question? Expert Tax and Compliance Solutions for Individuals ...
Integrating Eco-Taxes in the Goods and Services Tax Regime in India Acknowledgements List of Tables List of Figures Chapter 1Introduction Chapter 2Environmental Management: Constitutional Provisions andPollution Costs Chapter 3Managing Environment: Regulatory and Economic Instruments Chapter 4Indirect Ta......
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 ...
New Tax Regime Slab Rates Tax SlabsNew Tax Regime 0-3 lakh NIL 3-7 lakh 5% 7-10 lakh 10% 10-12 lakh 15% 12-15 lakh 20% Above 15 lakhs 30% New Section 87A Rebate Suggested in Budget 2023 According to these slabs, Rs. 25000 in income tax is due on a total income of Rs. 7...
Compute, Comprehend & Compare the tax regime that suits you! Tax calculation has never been so easy and fun! Efficient tax planning made possible for FREE!!! Why "MyTax India" ? As responsible tax paying citizens, we can be proud of our role in developing the country. Achieving your fina...
Rates of surcharge – For Assessment Year 2024-25 under alternate tax regime Deadline Proprietorship Tax Return Filing Documents Required for Proprietorship Income Tax Return Filing Filing an Income Tax Return for a Proprietorship Form ITR-4 Sugam: ...
GST rates in India are structured into four slabs: 5%, 12%, 18%, and 28%, applicable to various goods and services based on their categorization. What is the GST exemption limit? Under the GST regime in India, businesses with annual revenue below certain thresholds are exempt from mandatory...
Jamil Ahmad