Suppose you or a member of your family lives in an assisted living facility. In that case, you know that living expenses are still rising every year. However, did you realize that tax deduction may be possible for some of those costs? Medical expenses are deductible, including some fees for long-term care, where your adjusted …
Concessional 5% withholding tax continues for debt interest income of FPIs The Income Tax department on Wednesday said that concessional rate of tax of 5 per cent shall continue for certain interest income of foreign portfolio investors. Clarifying on reports which said that concessional withholding tax rate of 5 per cent on interest income of …
Concessional 5% withholding tax continues for debt interest income of FPIs Read More »
Introduction Just as we have different tax return forms for different purposes, The United States of America is no exception. U.S. also prescribes different types of tax returns for different purposes. The tax returns are differentiated on the basis of the income on which one is liable to pay taxes. This is similar to filing …
Introduction to US Tax Returns Introduction Just as we have different tax return forms for different purposes, The United States of America is no exception. U.S. also prescribes different types of tax returns for different purposes. The tax returns are differentiated on the basis of the income on which one is liable to pay taxes. …
Current and Corporate Affairs as on 26 October 2020 COVID-19 NEWS India’s COVID-19 recovery rate touches 90 per cent: India has crossed a significant milestone in its fight against COVID, as the recovery rate reached 90 per cent yesterday. Over 70 lakh patients have recovered from this highly infectious disease in the country so far. …
Current and Corporate Affairs as on 26 October 2020 Read More »
Corporate Tax in Dubai : An Overview Dubai, a major business center in the Middle East has been treated as a tax haven for the Investors / Businessmen. The Taxation system is very satisfactory for the Businessmen and Investors. The corporate tax is set at a maximum rate in the oil and bank sectors in …
Introduction to International Taxation International Taxation means taxation of cross-border transactions and entities. In other words, international taxation means levying of taxes by one country on transactions involving multiple nations, or tax on transaction in other nation, or tax on transactions in own nation by foreign entities. International Taxation comes into picture when we have …
