Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/should-you-invest-in-curated-investment-portfolios/article34798595.ece Such readymade baskets offer convenience and direct ownership, but they ain’t suitable for all If you are one of those investors who wish
Category: Income Tax
Tax Query: Does a mother pay tax on money received from NRI son? – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/tax-query-does-a-mother-pay-tax-on-money-received-from-nri-son/article34801359.ece My son is working in the Netherlands and sends me €300 every month. My son pays income tax on his salary there. I
All you wanted to know about NRI bank fixed deposits – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/portfolio/personal-finance/all-you-wanted-to-know-about-nri-bank-fixed-deposits/article34798186.ece?homepage=true Depositors should understand the nuances of taxability and repatriation rules for each product With central banks world over resorting to easy monetary policy,
My daughter has investments in dividend option of a mutual fund scheme. Should she inform the AMC about her NRI status? – The Economic Times
Clipped from: https://economictimes.indiatimes.com/wealth/tax/my-daughter-has-investments-in-dividend-option-of-a-mutual-fund-scheme-should-she-inform-the-amc-about-her-nri-status/articleshow/83433009.cmsSynopsis Every week, guest experts answer queries from readers of ET Wealth on various topics ranging from tax to investments to insurance and more.
Presumptive taxation- Section 44AD, 44ADA, 44AE–taxguru.in
Clipped from: https://taxguru.in/income-tax/income-tax-provisions-related-to-presumptive-taxation-under-sections-44ad-44ae-and-44af-in-a-brief.html Article discusses about Meaning of presumptive taxation scheme, Presumptive Taxation Scheme of Section 44AD, Section 44ADA, Section 44AE, For whom the presumptive taxation scheme of
Compulsory Complete Income Tax Scrutiny guideline for F.Y. 2021-22–taxguru.in
Clipped from: https://taxguru.in/income-tax/cbdt-issued-guidelines-compulsory-selection-returns-complete-scrutiny-f-y-2021-22.html Study of these guidelines may help taxpayer analyze, as to under which category it falls. Framework is categorized as under: 1. Cases related
Global tax, local complexities: What G7 corporate tax deal means for India | Business Standard News
Clipped from: https://www.business-standard.com/article/companies/global-tax-local-complexities-what-g7-corporate-tax-deal-means-for-india-121061001492_1.html The recent G7 proposal of a global minimum tax has mixed implications for Indian corporations, foreign majors operating here and the tax authorities
Know how dividend income is taxed – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-money-know-how-dividend-income-is-taxed/2268936/ Equity dividends are taxed at the hands of the recipient in certain countries and not in others The counter viewpoint is that although
Investigation wing of Income Tax calls the shots in black money cases – The Economic Times
Clipped from: https://economictimes.indiatimes.com/news/economy/policy/investigation-wing-of-income-tax-calls-the-shots-in-black-money-cases/articleshow/83420816.cmsSynopsis The unusual move, which has surprised those suspected of having undisclosed foreign assets, is aimed to quicken tax collection and build a stronger
Not taxing anymore! Key things to know about new I-T e-filing website, Video Gallery – Business Standard
Clipped from: https://www.business-standard.com/multimedia/video-gallery/general/not-taxing-anymore-key-things-to-know-about-new-i-t-e-filing-website-126225.htm Not taxing anymore! Key things to know about new I-T e-filing website The Income Tax Department has finally launched its new e-filing portal
RBI may give banks/NBFCs more time to appoint auditors – The Hindu BusinessLine
lipped from: https://www.thehindubusinessline.com/money-and-banking/rbi-may-give-banksnbfcs-more-time-to-appoint-auditors/article34782339.ece?homepage=true The guidelines allow regulated entities to appoint auditors for three years The Reserve Bank of India may give more time to regulated entities,
New tax deal – The Hindu BusinessLine
Clipped from: https://www.thehindubusinessline.com/opinion/editorial/careful-deliberations-are-needed-before-accepting-the-formula-for-taxing-digital-mnes/article34782738.ece?homepage=true Careful deliberations are needed before accepting the formula for taxing digital MNEs The commitment made by G7 finance ministers regarding corporate tax rates
Encouraging accord: The Hindu Editorial on global minimum tax – The Hindu
lipped from: https://www.thehindu.com/opinion/editorial/encouraging-accord-the-hindu-editorial-on-global-minimum-tax/article34773238.ece?homepage=true The political will shown by G7 to ensure fairness in revenue sharing is a good augury The Finance Ministers of the G7 nations
Shifting to global minimum tax framework will end competitive tax cuts–indian express
Clipped from: https://indianexpress.com/article/opinion/editorials/finance-minister-g-7-nations-global-tax-architecture-corporate-taxation-international-treaties-7351639/ Shifting to global minimum tax framework will end competitive tax cuts. But developing economies need to weigh costs Companies routinely make use of
Global minimum corporate tax rate: The ‘googly’ ICC has dodged for years and how it may help nations – The Financial Express
Clipped from: https://www.financialexpress.com/economy/global-minimum-corporate-tax-rate-the-googly-icc-has-dodged-for-years-and-how-it-may-help-nations/2267436/ By a conservative estimate, tax havens deprive countries of taxes amounting to 30 Lakh Crores every single year. Rishi Sunak, the Indian origin
G7 floor tax rate good, but a global tax regime a tough challenge – The Financial Express
Clipped from: https://www.financialexpress.com/opinion/g7-floor-tax-rate-good-but-a-global-tax-regime-a-tough-challenge/2267698/ Achieving a global consensus on the proposal is a tough challenge as market jurisdictions will have their own sets of reservations The communique
Global minimum corporate tax rate: The ‘googly’ ICC has dodged for years and how it may help nations – The Financial Express
Clipped from: https://www.financialexpress.com/economy/global-minimum-corporate-tax-rate-the-googly-icc-has-dodged-for-years-and-how-it-may-help-nations/2267436/ By a conservative estimate, tax havens deprive countries of taxes amounting to 30 Lakh Crores every single year. Rishi Sunak, the Indian origin
Salaried employee working from home? Check Income Tax rules for e-filing ITR on new portal – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/salaried-employee-working-from-home-check-income-tax-rules-for-e-filing-itr-on-new-portal/2267172/ Income Tax Return (ITR) filing for salaried employees during work from home 2021: The Income Tax filing season has started. New e-filing portal
Before claiming Section 80C Income Tax deductions, be aware of these conditions – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/before-claiming-section-80c-income-tax-deduction-be-aware-of-these-conditions/2267264/ All of us avail tax benefits under Section 80C of the Income Tax Act, but only a few are aware that these benefits
Your Queries – Income Tax: Grandfathering provision doesn’t affect set-off of long term capital loss from equity – The Financial Express
Clipped from: https://www.financialexpress.com/money/income-tax/your-queries-income-tax-grandfathering-provision-doesnt-affect-set-off-of-long-term-capital-loss-from-equity/2266933/ One needs to file ITR only when gross total income in a financial year exceeds the basic exemption limit. Income from share trading
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