Tag: tax
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ITR submitting: 5 earnings tax refund guidelines it’s best to know
ITR refund: Due date for earnings tax return (ITR) submitting is thirty first July 2023. Who’s entitled to get a refund, what are the taxation guidelines of ITR? And the right way to declare your refund? On this article, I want to talk about varied points of earnings tax refund below the Earnings Tax Act.…
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Tesla gross sales bounce 83% for Q2, as tax credit and broader adoption drive gross sales
Tesla Sunday posted its second-quarter manufacturing, supply report for 2023. The numbers point out that car deliveries rose 83% in opposition to the 12 months in the past interval after the auto firm minimize car costs a number of instances on its 4 electrical fashions in addition to including manufacturing capability, and ramped up manufacturing…
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How is the sale of ancestral property taxed?
I had offered a 3-BHK flat in September 2015 and invested the proceeds in a brand new flat. In March this 12 months, I offered my ancestral property—an condominium— and acquired some land with intention to assemble a home thereon. How will I be capable to make the most of the long-term capital good points…
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How Uniform Civil Code in India will affect HUF tax outgo
Amid information buzz in regard to UCC or Uniform Civil Code in India, numerous tax and funding specialists are busy discovering out how this may affect the revenue tax outgo of incomes people. Prime Minister Narendra Modi not too long ago talked about UCC and stories say it might be tabled within the Monsoon Session…
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Tata Sons challenges ₹1,500 cr tax declare on Docomo mortgage fee: Report
Tata Sons has challenged ₹1,500 crore tax declare settlement on defunct Docomo telecom. Throughout a listening to earlier than the Items and Providers tax official, Tata Sons reportedly challenged ₹1,500 crore tax demand on its $1.27 million settlement in 2017 with NTT Docomo, The Financial Instances reported. The Directorate Basic of the GST Intelligence, which…
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report international shares in your revenue tax returns
Taxpayers must mandatorily declare all their international belongings within the revenue tax return (ITR) and that features international shares as nicely. So, even a person who has a taxable revenue beneath the essential exemption restrict of ₹2.5 lakh however holds, say, a Tesla or Apple inventory within the US will nonetheless must file the ITR…
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Revenue tax return: How taxation guidelines apply to your ITR refund?
The final date for submitting earnings tax returns (ITR) earned within the 2022-23 fiscal is July 31 for salaried taxpayers. Nonetheless, it’s important to file the return as quickly as doable in order that an incomes particular person may obtain an ITR refund as quickly as doable. Is your earnings tax refund taxable? Some individuals…
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ITR submitting: declare revenue tax reduction on advance, different wage arrears
Earnings tax return (ITR) submitting: The due date for ITR submitting for the monetary yr 2022-23 or for the evaluation yr 2023-24 is thirty first July 2023. Nonetheless, it’s advisable to file one’s revenue tax return as quickly as doable as it might allow an incomes particular person to get ITR refund at earliest doable…
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ITR submitting: Sending cash outdoors India? Know the brand new revenue tax rule
Each abroad remittance made below the liberalised remittance scheme (LRS) can be topic to a 20% tax collected at supply (TCS) beginning 1 July 2023, excluding these despatched for medical and academic bills, for which a 5% TCS shall be imposed after the brink of ₹7 lakh is exceeded yearly. 20% TCS on international remittances…