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12 hours ago · Tax experts say the international tax treaty, which Republicans strongly oppose and requires a two-thirds majority in the US Senate to pass, faces significant challenges. Without US ratification, meeting the OECD tax deal's implementation conditions to reshape the global tax system becomes extremely difficult. The international tax treaty's implementation needs acceptance by 30 jurisdictions and the inclusion of the headquarters jurisdictions of at least 60% of the most profitable ...
16 hours ago · Deductions Claim Under Section 80M. To be eligible for a deduction under Section 80M the following criteria must be met. 1. Domestic company must own more than 50% of the voting shares in the subsidiary company. 2. Dividend must be counted as part of the domestic company's total income. 3.
17 hours ago · Features Of Presumptive Taxation Under Section 44AD. Under Section 44AD Income Tax Act small business owners with an annual gross turnover of up to Rs 2 crore can calculate their taxable income as 8% of their gross turnover. This provision was updated from the previous limit of Rs 1 crore as per the Budget 2020.
16 hours ago · 2. Donations made by corporations to political parties are fully tax deductible under Section 80GGB of the Income Tax Act. 3. Companies can donate to charities and deduct up to 100% of the donation from their taxable income. However according to the Companies Act 2013 their donations cannot exceed 7.5% of their average net profit over the last ...
1 day ago · The fresh issue portion of the IPO of Vraj Iron and Steel comprises the issue of 82,60,870 shares (82.61 lakh shares approximately), which at the upper price band of ₹207 per share will translate into a fresh issue size of ₹171.00 crore.
1 day ago · The stock of Diensten Tech has a face value of ₹10 per share and it is a book built issue. The price for the book building issue is set in the price band of ₹95 to ₹100 per share. Being a book built issue, the final price will be discovered within this band.
