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Jun 19, 2024 · The withholding income tax shall be levied over amounts paid or credited at a 15 percent tax rate. For purposes of corporate income tax (IRPJ and CSLL) deduction, the following limits must be adopted, whichever is higher: 50 percent of the taxpayer's net profit accrued at the end of the year before the INE deduction or
Jun 27, 2024 · Article 23/26 Income Tax (PPh 23/26) Domestic Article 23 WHT is payable at the rate of 2% for most types of services where the recipient of the payment is an Indonesian resident and 15% for a variety of payments to resident corporations and individuals. For non-residents, Art. 26 WHT of 20% is applicable.
5 days ago · However, you have to pay long-term capital gains tax on (Rs 1,50,000 – Rs 1,00,000) Rs 50,000 at 10%. You will incur an LTCG tax of Rs 5,000 (10% of Rs 50,000) on your capital gains from ELSS. You may earn long-term capital gains, LTCG on investments made in ELSS through SIP (Systematic Investment Plan). You have the first-in-first-out rule ...
Jun 27, 2024 · The taxation of LTCG under Income-tax Act,1961 is categorised into two provisions i.e. Section 112 and Section 112A. Section 112A specifically addresses the taxation of LTCG on listed shares, equity-oriented funds, and units of a business trust. In this article, we will discuss about Section 112A- its applicability, exemption and examples.
5 days ago · Post Withholding Tax During Payment Posting. Step 1) Enter transaction FB60 in SAP Command Field. Step 2) In the Next Screen, Enter Company Code you want to post invoice to. Step 3) In the next screen, Enter the Following. Select Tax Indicator “Calculate Tax”. Step 4) After completing the above entries Select the Withholding Tax Tab and ...
Jun 26, 2024 · The major difference between short-term and long-term capital gains and assets depends on the holding period (the duration an asset is held before being sold) and the subsequent tax treatment: Holding Period: For short-term capital assets, the holding period in India is less than 24 months (36 months for debt mutual funds before April 1, 2023 ...
Jun 20, 2024 · Sweden does not levy withholding tax on interest or royalty payments. However, royalty payments made to non-residents are deemed to derive from a Swedish business and are taxed as income from a permanent establishment in Sweden. Thus, the recipient is taxed in Sweden on the net royalty income at the ordinary corporate income tax rate of 20.6 ...
