except for gaming sector regulations, which will take effect from 1 October 2024. The government said, however, it will start full implementation by January 2025, following proper discussions and advocacy with implementing bodies.
Then under the old regime, the tax is Rs 44,200 and the new regime is Rs 39,000. So Shyam should go with the new regime. But Shyam claims tax deductions of more than 1.25 lakh say 1.3 lakh then under the old regime, the tax is 37,960 and the new regime is 39,000. So Shyam...
Tax payers to gain up to Rs 44,000 under new regimeSANJAY DIXITPrint this
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...
Republicans in the Iowa legislature, empowered by the state’s recent “red wave,” have embarked on an ambitious new agenda… A joke among statehouse reporters is that Iowa is becoming the “Florida of the North” — without the beaches.…With a new school-choice-friendly majority in place...
And that’s also true of the subtraction-method VAT, which David refers to as a BTT, along with the “new flat tax,” which is similar to the traditional flat tax except for the method used to prevent double taxation. In his paper, David has some flowcharts to illustrate the similaritie...
The government offers taxpayers a choice between the traditional old regime, which includes numerous deductions and exemptions, and the new regime with simplified structures and lower tax rates.
chiral phase transfer catalysts and successfully applied to the highly efficient, catalytic enantioselective alkylation of tert-butyl glycinate Schiff base under mild phase transfer conditions to furnish alpha-alkyl-alpha-amino acids and alpha, alpha-dialkyl-alpha-amino acids with excellent enantioselectivity...
The meeting on Friday decided that more training will be offered to familiarize taxpayers with new tax policies and bring about the reform's full benefits. Authorities will work on service delivery by simplifying taxation procedures for greater efficiency and convenience to taxpayers, and promoting the...
New VAT law effective as from 1 January 2026 2 January 2025 On 25 December 2024, China’s much anticipated VAT law was formally ratified by the Standing Committee of the 14th National People’s Congress (NPC) of China and subsequently promulgated as Order No. 41 by the president of the Pe...