AtCOP26in 2021, India announced its ambition to become a net-zero emitter by 2070. India is the third-largest emitter globally, emitting a net total of 2.9 gigatons of carbon dioxide equivalent (GtCO2e) every year as of 2019.About 70 percentof these emissions are from six sectors: power...
Some industries, such as retailers, report total sales as well as net sales, which accounts for customer returns of merchandise. Revenue is mainly from a company’s core operations—routine sales of products or services. It may also include income from sources that aren’t part of the company...
The only component to be considered is the Total Income from other sources which includes let out property. 5. Next employees can declare below IT Declarations and also House Rent Details Rental Period for the current financial year. Monthly rent amount. Address of the employee’s rented house...
Detractors, especially back here in India, warn that it could push remittances into informal or unregulated channels and make the U.S. less attractive to skilled workers from abroad. Some also argue that this could put pressure on employers to hike salaries just to offset the tax. There is a...
The Belt and Road Initiative is a creative development that takes on and carries forward the spirit of the ancient silk routes – two of the great achievements in human history and civilization. It enriches the ancient spirit with the zeitgeist and culture of the new era, and provides a ...
Like financial advisors, most wealth managers charge clients based on an annual payment model. Their fees may be a certain percentage of your AUM (Assets under Management). AUM is defined as the total market value of the investments a wealth manager invests on behalf of the client. Some manag...
Income Tax DepartmentIncome tax department is a government body which functions under ministry of finance for direct tax collections of the country. Income tax department is headed by Central Board of Direct Taxes (CBDT)Answer and Explanation: ...
“However, please note that for some other tax residents with low basic salary, it would be more beneficial for them to combine their annual bonuses with basic salary to calculate the total IIT (under Method 2) because all kinds of deductions could be fully utilized. As such, it is differe...
The annual deadline for reporting and paying corporate income tax is April 30 – if a company’s fiscal year begins from January 1 – December 31. If a company’s fiscal year differs from the calendar year, then its deadline is four months after the end of its fiscal year. Accounting ...
What is good salary in India? This article discusses the national average salary in India, median salary in India, among other information.