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Explained: Why Credit Card Spends Overseas Won't Be Taxed At Source
While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.
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Tax Hike On international Transactions (TCS) Pushed Back To October 1
The government on Wednesday said overseas spending using international credit cards will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS.
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Tax-Free Leave Encashment Limit After Retirement Raised To Rs 25 lakh
In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.
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Those With Incomplete I-T (Tax) Returns Will Get a Prompt From Tax Department
The Income Tax Department will send an intimation through SMS or mail
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Why Is Life Insurance Important For Long-Term Financial Planning?
A life insurance plan is an ideal financial product to invest in as part of your financial planning.
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Moonlighting Can Have Tax Implications, Warn Income Tax Authorities
According to Section 194C of the Income Tax Act, anyone who pays a fee to a residential individual for carrying out contract work must deduct TDS.
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Bought A New House? How House Tax Is Calculated And Ways To File It
Local municipal authorities collect property tax for the maintenance of civic amenities and services like parks, sewer systems, roads, and street lights among other facilities.
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Storing Gold At Home? Details On Limit, Taxes And Rules
With a metal of such high value, besides ensuring that gold is kept safely, it is crucial to look at the government rules related to it.
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You Can Be Taxed On Certain Diwali Gifts Received, Check Details
If the total value of the gifts received in a financial year exceeds Rs 50,000 it will attract tax.
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Frozen Parathas 'Quite Different' From Rotis, To Attract 18% GST (Tax)
The Gujarat Appellate Authority for Advance Ruling (GAAAR) has made a distinction between the two commonly consumed Indian bread explaining why they fall in different GST slabs.
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Planning to Sell Your Old Property? Here's How To Save On Tax
The gains from the sale of a property are taxable at 20.8 per cent
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What's Leave Encashment? Here's How Much Income Tax You Need To Pay
Here's everything you need to know about the income tax implication of leave encashment.
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Government Extends Deadline For Filing Tax Audit Report Till October 7
The income tax department on Friday extended the due date for filing tax audit reports for fiscal 2021-22 by 7 days till October 30.
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Cancelling Confirmed Train Ticket? Here's How Much GST (Tax) You Have to Pay
Cancellation charges of railway tickets for a class would attract GST at the same rate as applicable to the class of travel.
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PF (Provident Fund) Contribution Not Deposited By Employer, What Should You Do?
Provident Fund Update: The EPFO regularly updates the subscribers about the monthly deposits into their PF accounts through SMS alerts.
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Explained: Why Credit Card Spends Overseas Won't Be Taxed At Source
While credit card spends overseas will not attract tax collected at source now as such transactions have been kept outside the liberalised remittance scheme, any international transaction conducted from India will attract the levy.
-
Tax Hike On international Transactions (TCS) Pushed Back To October 1
The government on Wednesday said overseas spending using international credit cards will not be included under the Liberalised Remittance Scheme (LRS) and hence, would not attract TCS.
-
Tax-Free Leave Encashment Limit After Retirement Raised To Rs 25 lakh
In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.
-
Those With Incomplete I-T (Tax) Returns Will Get a Prompt From Tax Department
The Income Tax Department will send an intimation through SMS or mail
-
Why Is Life Insurance Important For Long-Term Financial Planning?
A life insurance plan is an ideal financial product to invest in as part of your financial planning.
-
Moonlighting Can Have Tax Implications, Warn Income Tax Authorities
According to Section 194C of the Income Tax Act, anyone who pays a fee to a residential individual for carrying out contract work must deduct TDS.
-
Bought A New House? How House Tax Is Calculated And Ways To File It
Local municipal authorities collect property tax for the maintenance of civic amenities and services like parks, sewer systems, roads, and street lights among other facilities.
-
Storing Gold At Home? Details On Limit, Taxes And Rules
With a metal of such high value, besides ensuring that gold is kept safely, it is crucial to look at the government rules related to it.
-
You Can Be Taxed On Certain Diwali Gifts Received, Check Details
If the total value of the gifts received in a financial year exceeds Rs 50,000 it will attract tax.
-
Frozen Parathas 'Quite Different' From Rotis, To Attract 18% GST (Tax)
The Gujarat Appellate Authority for Advance Ruling (GAAAR) has made a distinction between the two commonly consumed Indian bread explaining why they fall in different GST slabs.
-
Planning to Sell Your Old Property? Here's How To Save On Tax
The gains from the sale of a property are taxable at 20.8 per cent
-
What's Leave Encashment? Here's How Much Income Tax You Need To Pay
Here's everything you need to know about the income tax implication of leave encashment.
-
Government Extends Deadline For Filing Tax Audit Report Till October 7
The income tax department on Friday extended the due date for filing tax audit reports for fiscal 2021-22 by 7 days till October 30.
-
Cancelling Confirmed Train Ticket? Here's How Much GST (Tax) You Have to Pay
Cancellation charges of railway tickets for a class would attract GST at the same rate as applicable to the class of travel.
-
PF (Provident Fund) Contribution Not Deposited By Employer, What Should You Do?
Provident Fund Update: The EPFO regularly updates the subscribers about the monthly deposits into their PF accounts through SMS alerts.
