Only workers who earn the equivalent of 15 federal minimum wages — 1.77 million pesos per month ($5,057) — will continue paying income taxes
All states are yet to pass the required legislative amendments or ordinances in their respective Assemblies for the proposed change in GST provisions for online gaming, casinos and horse racing.
TDS is deducted at the time of actual payment of salary and not during the accrual of salary
The Income Tax Department has notified new angel tax rules that comprise a mechanism to evaluate the shares issued by unlisted startups to investors.
As we approach October 2023, several critical tax-related deadlines loom on the horizon. Below, we’ve outlined the key dates you need to keep in mind.
To qualify for a revised return, the original return must have been filed by the due date, which was July 31, 2023
It said this is a taxpayer-friendly measure where an opportunity is being provided to assessees in line with ‘principles of natural justice’.
Since shares are considered “movable property”, it is not mandatory to execute a gift deed.
The bank deducts tax on interest as the mother doesn’t have a PAN. Advised to file ITR to claim refund. Can file without PAN
If you are a minor, you cannot submit form 15G. If you are a major, you can submit form 15G if your income is below the taxable limit
© 2018 CA Chandan Agarwal. All rights reserved.