Switzerland has taken a unilateral stand after the Supreme Court of India's ruling in the Nestle case. It has revoked the ...

and certain exemptions are available under the Income Tax Act. Understanding the intricacies of capital gains tax, including the types of assets involved, tax rates, and calculation methods, is ...

How many chapters are present in the Income Tax Act 1961? 23 chapters are present in the Income Tax Act 1961. When was the Income Tax Act established in India and by who? The Income Tax Act was ...

7% of Income tax where total income is more than ₹1 crore 12% of Income tax where total income is more than ₹10 crores ...

flat tax rates and graduated tax rates. The states with the highest income tax rates all have graduated tax rates: California (13.3% top marginal tax rate) Hawaii (11% top marginal tax rate ...

The Income Tax Appellate Tribunal, or ITAT, in Jodhpur, India, has ruled that profits from crypto sales prior to the introduction of the Virtual Digital Asset, or VDA, regime in 2022 are to be treated ...

In the Union Budget 2024, the Finance Minister announced significant changes to the new income tax regime. The revisions include new income tax slabs for the fiscal year 2024-25. The standard ...

“But, it is quite a unique situation of India, which is a deterioration in the transparency and quality of information over time. Income tax tabulations that we have today…are less detailed than what ...

French economist Thomas Piketty has called on India to tax its super-rich ... 1% of India’s population controls 22.6% of national income and 40.1% of the country’s wealth, figures higher ...

As per the provisions of Income-tax Act, 1961 ... PAN 2.0, prima facie appears set to tightens data accuracy across systems, reduces tax evasion, and pulls informal players into the tax net. It’s not ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...