surcharge from 5 to 10 percent on domestic companies whose taxable income exceed Rs 10 crore.In case of foreign companies who pay a higher rate of corporate tax, surcharge to increase from 2 to 5 percent, if the taxabale income exceeds Rs 10 crore.In all other cases such as dividend distribution tax or tax on distributed income, current surcharge increased from 5 to 10 percent.The Concessional rate...
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Increase surcharge from 5% to 10% on domestic companies whose taxable income exceed Rs 10 crore. In case of foreign companies who pay a higher rate of corporate tax, surcharge to increase from 2% to 5%, if the taxable income exceeds Rs 10 crore.Current surcharge increased from 5% to 10% on dividend distribution tax or tax on distributed income.Concessional rate of tax of 15% on dividend received by...
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Japan’s government is considering raising income taxes and corporate taxes to pay for reconstructing the country’s earthquake damaged northeast coast, the Yomiuri newspaper reported on Tuesday.The government is mulling two separate proposals for income taxes, the Yomiuri said. One would raise income taxes by 5% over 10 years, while the second would increase taxes by 10% over five years, the newspaper...
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government has asked individuals with income of over Rs 10 lakh to electronically file tax returns for 2011-12.NEW DELHI: The government has asked individuals with income of over Rs 10 lakh to electronically file tax returns for 2011-12 , something which was optional till the previous financial year. The recently-introduced tax returns forms also ask individuals to furnish details of donations made...
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you have any queries about investing or taxes or a high-cost purchase you are planning, mail to:If you have any queries about investing or taxes or a high-cost purchase you are planning, mail to:Shall I have to pay income tax on money received as gratuity and commutation of pension?der Section 10 (10) of the Income Tax Act, gratuity is exempt from the purview of taxable income with a limit of up to...
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income tax coloney mangal pandey nagar meerut, 10 income tacx colomey mangal pandey nagar meerut, Meerut Camp Main PO/Abulan, Meerut,...
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Americans sit down to file their federal tax returns, a simple question comes to mind -- what's a "fair share" to give the federal government in taxes?For half the working population, fair means paying almost no income taxes at all."The top 10 percent income earners pay about 70 percent of federal income taxes," says Will McBride of the Tax Foundation. "The bottom 50 percent of tax filers have, they...
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to reduce your income tax liabilityHow to reduce your income tax liability...
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just a week left before the 2012 Union Budget, the Parliamentary Standing Committee a raise in the tax exemption limit for annual income up to Rs 3 lakh.According to the recommendations of the committee, there must be no tax on annual income up to Rs 3 lakh while a tax of 10 per cent should be imposed on income between Rs 3 and 10 lakh per annum. The panel further recommends that a tax of 20 per cent...
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in surcharge from 5 per cent to 10 per cent on domestic companies whose taxable income exceeds Rs 10 crore. In case of foreign companies who pay a higher rate of corporate tax, surcharge to increased from 2 per cent to 5 per cent, if the taxable income exceeds Rs 10 crore.Current surcharge increased from 5 per cent to 10 per cent on dividend distribution tax or tax on distributed income.Investment...
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