New income disclosure scheme (Proposed)
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Taxation Laws (Second Amendment) Bill, 2016 introduced in Lok Sabha; A scheme namely, ‘Taxation and Investment Regime for Pradhan Mantri Garib Kalyan Yojana, 2016’ (PMGKY) has been passed in the Lok Sabha and is in consideration before Rajya Sabha. The insights of the proposed scheme and amendments are discussed in this document.
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Accretive SDU communique - Tax Contours of India Budget 2016-17
The document summarizes key aspects of the India Budget 2016-17. It discusses the government's socio-economic objectives for taxation, including balancing the fiscal deficit while enabling growth. It outlines several new taxes and levies introduced, such as the Equalization Levy on online advertising and additional tax on high-value dividends. It also provides an overview of tax incentives for sectors like housing, startups, and manufacturing to promote various initiatives.
Tax Deduction at Source (TDS).pptx
The document discusses Tax Deduction at Source (TDS) in India. Some key points:
- TDS is a system where the payer of certain types of payments like salary, rent, interest, etc. is required to deduct a percentage of tax from the payment amount.
- Common deductions include interest, commission, rent, salary. The deducted amount is paid to the government on behalf of the recipient.
- TDS rates vary based on the type of income and thresholds. For example, interest income above ₹40,000 is taxed at 10%.
- Form 26AS issued by the employer/payer shows the TDS deducted from salary payments.
Budget 2016
The document summarizes key changes in India's personal and corporate tax codes for 2016. For individuals, the surcharge rate was increased, dividend income over 1 million rupees is now taxable, and tax rebates and deductions for house rent, home loans, and capital gains were increased. Corporate tax rates were reduced for small companies and new manufacturing companies. Presumptive taxation and tax incentives for employment were introduced for small businesses and professionals. A one-time income declaration scheme allows the disclosure of previously undisclosed income by paying tax at 45%. Transfer pricing documentation requirements were expanded.
Jamaica Personal Income Tax Guide 2016 Edition (1)
The document provides guidance on Jamaica's personal income tax rates and thresholds for 2016-2017, which were increased from the previous levels. Key points include:
- For 2016, the threshold was increased to $1,000,272 from July 1, and the tax rate above $6 million increased to 30% for the latter half of the year.
- For 2017, the threshold further increased to $1,500,096 from April 1.
- Worked examples are provided to illustrate the tax calculations and potential refunds for individuals under the new thresholds.
- Guidance is given for applying the changes for employed and self-employed individuals for the dual tax periods in 2016.
Key Changes in New Tax Regime 202324.pdf
Key Changes in New Tax Regime 2023/24.
1) The Rebate increased to Rs. 7 lakh
2) Hike in Basic exemption limit
3) New Income tax slabs
4) Standard deduction
Union Budget 2015-16 - A bird’s eye view - Dr Sanjiv Agarwal
Union Budget 2015-16 - A bird’s eye view - Dr Sanjiv Agarwal - Article published in Business Advisor, dated March 10, 2015 http://www.magzter.com/IN/Shrinikethan/Business-Advisor/Business/
Union budjet 2017
The Union Budget for 2017 was presented earlier than usual, on February 1st, to allow ministries to operationalize activities from April 1st. Key changes included merging the Railway Budget with the General Budget, abolishing the distinction between plan and non-plan expenditure, and focusing on growth in rural areas and digitizing the economy. Tax relief was provided for individual taxpayers and small companies, while rules on political donations and cash transactions were tightened. The budget aimed to curb black money and support the government's vision for the Indian economy.
Maximum marginal rate of tax direct taxes
Maximum marginal rate of tax is very complicated topic in Income Tax. This PPT will help you understanding well this topic in a easy and practical manner.
New Tax Regime vs Old Tax Regime
What is the new tax regime? Which tax regime is more beneficial? How to choose between old and new tax systems? What benefits need to be foregone for opting new regime?
Taxation of pm garib kalyan yojana 2016
The document provides an overview of the Pradhan Mantri Garib Kalyan Yojana 2016 scheme, which allows holders of black money to declare undisclosed income and pay taxes. Key points include:
1) Declarants must pay a total of 49.9% of the undisclosed income as tax, surcharge, and penalty.
2) They must also deposit 25% of the undisclosed income in a 4-year, interest-free government scheme.
3) This provides an opportunity for black money holders to avoid higher penalties by coming clean, but the effective tax rate after considering inflation is estimated at 57%.
Ci federal budget commentary 2012
The budget projects decreasing federal deficits over the next few years, with a surplus projected for 2015-2016. To achieve this, the budget outlines spending cuts of $5.2 billion annually by 2016 through reductions to all government departments. There were no changes to personal or corporate income tax rates, but the eligibility age for Old Age Security will gradually increase from 65 to 67 between 2023 and 2029.
Lunawat Bulletin January 2017
Happy New Year 2017
For Lunawat Monthly Bulletin – January 2017 click at http://lunawat.com/Uploaded_Files/Attachments/F_3529.pdf
The same is also available on www.lunawat.com as well as on free Mobile App ‘LUNAWAT’ available through playstore.
I hope the same shall be of use to you.
Warm Regards
CA. Pramod Jain
Budget 2016: Analysis of Service Tax Provisions by Blue Consulting Pvt. Ltd.
This white paper presents a crisp analysis of service tax provisions in the recently presented Union Budget, 2016.
Union budget 2017 18
The Union Budget for 2017-18 proposes several changes to income tax rates and slabs. For individual taxpayers, the rate for income between Rs. 2.5-5 lakhs has been reduced from 10% to 5%. This will eliminate tax liability for those earning up to Rs. 3 lakhs and only Rs. 2,500 for those earning between Rs. 3-3.5 lakhs. Small firms with up to Rs. 50 crores turnover will now pay 25% tax instead of 30%. The conclusion states that while the budget aims to mitigate economic damage from demonetization, it does not adequately allocate funds from new bank accounts or address job growth.
India's Income Tax System.docx
In the rule, income tax refers to a percentage of your salary that you must pay to the government. During this immediate duty course, the Government uses the money collected for infrastructure improvements and to pay workers for focal and state government agencies.
Direct taxes and indirect taxes are the two most common types of taxes. Direct taxes, such as income tax, are imposed directly on the pay obtained. During that monetary year, the rates that apply to the pay sections determine the tax estimation.
Safyr Utilis Mauritius Budget 2016/17 Tax highlights
Safyr Utilis is pleased to provide you with our analysis of the tax measures announced in the budget speech delivered by the Honorable Pravind Jugnauth, Minister of Finance and Economic Development on 29 July 2016.
SAFYR UTILIS Mauritius Budget 2016-17 Tax Highlights
The document summarizes the key tax changes from Mauritius' 2016-2017 national budget. Some highlights include:
- Increasing personal income tax exemption thresholds and limits on interest and tuition fee deductions.
- Introducing a 5-year tax holiday for asset/fund managers with over $100 million assets under management and foreign ultra-high net worth individuals investing over $25 million.
- Exempting seafarers' income from tax and expanding real estate tax exemptions/refunds to boost the property sector.
- Increasing duties on sugar, spirits and tobacco while removing duties/VAT on various items and introducing new environmental levies.
- Providing temporary tax holidays for global
Similar to New income disclosure scheme (Proposed) (20)
Presentation on the Impact of COVID-19 and New Tax Regime on Employees
Presentation on the Impact of COVID-19 and New Tax Regime on Employees
Accretive SDU communique - Tax Contours of India Budget 2016-17
Accretive SDU communique - Tax Contours of India Budget 2016-17
Accretive SDU communique - Tax Contours of India Budget 2016-17
Accretive SDU communique - Tax Contours of India Budget 2016-17
Jamaica Personal Income Tax Guide 2016 Edition (1)
Jamaica Personal Income Tax Guide 2016 Edition (1)
Union Budget 2015-16 - A bird’s eye view - Dr Sanjiv Agarwal
Union Budget 2015-16 - A bird’s eye view - Dr Sanjiv Agarwal
Budget 2016: Analysis of Service Tax Provisions by Blue Consulting Pvt. Ltd.
Budget 2016: Analysis of Service Tax Provisions by Blue Consulting Pvt. Ltd.
Safyr Utilis Mauritius Budget 2016/17 Tax highlights
Safyr Utilis Mauritius Budget 2016/17 Tax highlights
SAFYR UTILIS Mauritius Budget 2016-17 Tax Highlights
SAFYR UTILIS Mauritius Budget 2016-17 Tax Highlights
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The legal profession, which has historically been male-dominated, has experienced a significant increase in the number of women entering the field over the past few decades. Despite this progress, women lawyers continue to encounter various challenges as they strive for top positions.
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多年留学服务公司,拥有海外样板无数能完美1:1还原海外各国大学degreeDiplomaTranscripts等毕业材料。海外大学毕业材料都有哪些工艺呢？工艺难度主要由：烫金.钢印.底纹.水印.防伪光标.热敏防伪等等组成。而且我们每天都在更新海外文凭的样板以求所有同学都能享受到完美的品质服务。
国外毕业证学位证成绩单办理方法：
1客户提供办理新西兰林肯大学新西兰林肯大学毕业证学位证信息：姓名生日专业学位毕业时间等（如信息不确定可以咨询顾问：我们有专业老师帮你查询）；
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4毕业证成绩单电子版您确认信息无误之后安排制作成品；
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一真实留信认证的作用(私企外企荣誉的见证):
1：该专业认证可证明留学生真实留学身份同时对留学生所学专业等级给予评定。
2：国家专业人才认证中心颁发入库证书这个入网证书并且可以归档到地方。
3：凡是获得留信网入网的信息将会逐步更新到个人身份内将在公安部网内查询个人身份证信息后同步读取人才网入库信息。
4：个人职称评审加20分个人信誉贷款加10分。
5：在国家人才网主办的全国网络招聘大会中纳入资料供国家500强等高端企业选择人才。问山娃想买什么想吃什么山娃知道父亲赚钱很辛苦除了书籍和文具山娃啥也不要能牵着父亲的手满城闲逛他已心满意足了父亲连挑了三套童装叫山娃试穿山娃有点不想父亲说城里不比乡下要穿得漂漂亮亮爸怎么不穿得漂亮望着父亲山娃反问道父亲听了并不回答只是吃吃地笑山娃很精神越逛越起劲父亲却越逛越疲倦望着父亲呵欠连天的样子山娃也说困了累了回家吧小屋闷罐一般头顶上的三叶扇彻夜呜呜作响搅得满屋热气腾腾也搅得山娃心烦意乱父亲一的
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本公司拥有海外各大学样板无数，能完美还原。
1:1完美还原海外各大学毕业材料上的工艺：水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠。文字图案浮雕、激光镭射、紫外荧光、温感、复印防伪等防伪工艺。材料咨询办理、认证咨询办理请加学历顾问Q/微741003700
【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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在线办理(SU毕业证书)美国雪城大学毕业证成绩单一模一样
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【主营项目】
一.毕业证【q微741003700】成绩单、使馆认证、教育部认证、雅思托福成绩单、学生卡等！
二.真实使馆公证(即留学回国人员证明,不成功不收费)
三.真实教育部学历学位认证（教育部存档！教育部留服网站永久可查）
四.办理各国各大学文凭(一对一专业服务,可全程监控跟踪进度)
如果您处于以下几种情况：
◇在校期间，因各种原因未能顺利毕业……拿不到官方毕业证【q/微741003700】
◇面对父母的压力，希望尽快拿到；
◇不清楚认证流程以及材料该如何准备；
◇回国时间很长，忘记办理；
◇回国马上就要找工作，办给用人单位看；
◇企事业单位必须要求办理的
◇需要报考公务员、购买免税车、落转户口
◇申请留学生创业基金
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
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New income disclosure scheme (Proposed)
- 1. TAXATIONAND INVESTMENTREGIME FORPRADHANMANTRI GARIBKALYAN YOJANA,2016 (PROPOSED) NEW INCOME DISCLOSURE SCHEME BY RAHUL YADAV
- 2. THEKEY ELEMENTS THE SCHEME - INTRO RATES & TERMS OTHER AMENDMENTS PROPOSED 01 02 03
- 3. 01 The scheme is introduced through The Taxation Laws (Second Amendment) Bill, 2016, which is passed in the Lok Sabha and is under consideration with Rajya Sabha. The scheme is proposed to give tax evaders last chance and to bring more black money into the records. THENEW SCHEME INTRODUCTION
- 4. WHATIS INTHE SCHEME? Under this scheme one can disclose his income which had not been offered to tax till date, it includes cash as well as bank deposits. The scheme is similar to the IDS 2016, but the tax rates are high and its terms are different.
- 5. 02 The tax rate shall be 30% on the disclosed income plus 33% Pradhan Mantri Garib Kalyan cess plus 10% penalty on the income disclosed in the scheme. This sums up to 50% of income disclosed. RATES&TERMS RATES TERMS The person disclosing the income shall have to put 25% of the income disclosed into the Pradhan Mantri Garib Kalyan Scheme 2016 for four years and this will not carry any interest.
- 6. 50% Of the disclosed income shall be paid to Income Tax Department. Of the disclosed income shall be free to use immediately . 25% 25% Of the disclosed income shall be deposited in the aforesaid scheme for 4 years.
- 7. 03 OTHERAMENDMENTS PROPOSED To encourage people to disclose their income, few of the other amendment are also proposed. In case of identification of any undisclosed income by the tax department can now attract higher tax rates, penalties and additional cess.
- 8. PROVISIONSTOBE AMENDED OFFENCE EXISTING PROVISIONS PROPOSED PROVISIONS unexplained credit, investment, cash and other assets TAX (Section 115BBE) Flat rate of tax @30% + surcharge + cess (No expense, deductions, setoff is allowed) TAX (Section 115BBE) Flat rate of tax @60% + surcharge @25% of tax (i.e. 15% of such income). So total incidence of tax is 75% approx. (No expense, deductions, setoff is allowed) PENALTY (Section 271AAC) If Assessing Officer determines income referred to in section 115BBE, penalty @10% of tax payable in addition to tax (including surcharge) of 75%. Penalty (271AAB) (i) 30% of income, if admitted, returned and taxes are paid (ii) 60% of income in any other case Penalty (271AAB) (i) 10% of income, if admitted, returned and taxes are paid (ii) 20% of income, if not admitted but returned and taxes are paid (iii) 60% of income in any other case Undisclosed income found in search seizure cases