The ITAT Delhi ruled that the surcharge rate on the residual income of a trust must be restricted to 15%, not 37%. This decision follows the principle that the surcharge rate is governed by the ...
Silver's resurgence marks a shift from being gold's lesser cousin to a crucial metal bridging industry and investment. Silver has been in gold‘s shadow. In times of macroeconomic uncertainty and ...
Gold gifts fall under Section 56(2)(x) of the Income Tax Act, which taxes receipts without consideration if they exceed certain thresholds. Gold continues it record-breaking spree but it has done ...
To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Cambridge businesses will have ...
The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their ...
AUSTIN (KXAN) — After Austin City Council signed off on its Fiscal Year 2025-2026 budget and tax rate, you’ll head to the ballot box to give a thumbs up or down on a property tax hike — called ...
Sovereign Gold Bonds (SGBs) are government-backed securities that let you invest in gold digitally. They offer 2.5% annual interest, tax-free capital gains at maturity, and eliminate the need to store ...
Add to that the Reserve Bank of India (RBI) has cut the repo rate by a massive 1% this year - a big boost for those who have loans, especially home loan EMIs. Repo rate is the rate at which RBI lends ...
Gold prices are soaring, but new tax rules from July 23, 2024, impact investors. Physical gold, ETFs, and mutual funds lose indexation benefits, with higher taxes on longer-term gains. Sovereign Gold ...
The tax brackets you fall into determine how much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there were seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the ...
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Kenya Revenue Authority sets 8% rate for fringe benefit tax for October, November, December
The Kenya Revenue Authority (KRA) has set the market interest rate for Fringe Benefit Tax (FBT) and the prescribed rate of interest for Deemed Interest at 8%. The rate will be applicable for the final ...
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