Let’s assume you win a lottery prize of INR 1 crore. Here’s how taxation affects your actual take-home amount: For winnings above INR 1 crore, a surcharge of 15% is levied on the tax amount, further ...

Kuntal Dave is the proprietor of Nanubhai Desai & Co., a leading firm of Chartered Accountants in Mumbai. With deep expertise ...

If you are confused by personal finance terms, jargon and calculations, heres a series to simplify and deconstruct these for ...

The income Tax Department imposes a tax on every transaction. You will be surprised to know that the Income Tax Department ...

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President Donald Trump may cancel income tax for Americans earing below $150,000 annually, Commerce Secretary Howard Lutnick ...

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ENABLING OPERATING LEASE INCLUDING ANY HYBRID OF OPERATING AND FINANCIAL LEASE OF OILFIELD EQUIPMENT AS A FINANCIAL PRODUCT 1. The objective of this consultation paper is to seek ...

Maharashtra Budget Session Today, Maharashtra Budget 2025 Key Announcements & Highlights: Find here all the updates about new ...

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The key provisions include: The credit applies in the year the foreign income is taxed in India. If the foreign tax is spread across multiple years, the credit is proportionally adjusted.