It's all about companies having been given advance tax
notice in Luxembourg, the Netherlands and Ireland.
If applicants instead choose to forgo the advance tax
credit and pay the full cost of their premiums, then they will receive the tax credit when they file their federal taxes as part of their tax refund.
Audit report pointed out that a loss of million of rupees was caused to national kitty through less or non deduction of income tax or advance tax
by education department.
They said obstacles to growth are the advance tax
on future earnings, electricity costs, insurance, and social security payments.
An individual is required to settle his taxes by way of advance tax
if his estimated net tax liability after TDS exceeds Rs 10,000 per annum.
The bill would advance tax
credit for companies returning jobs to the U.
The Finance Minister said that it is mandatory that the telecos have to pay 10% advance tax
under Section 236A of the Income Tax Ordinance 2001on the auction sale price of the Spectrum.
Sinha, on his part, accused Chidambaram on Monday of a mindless reduction in expenditure and the tax administration of becoming extortionist by seeking advance tax
The present government has crossed all the limits in violating the human rights by levying Educational Advance Tax
on all those students who are getting professional education in professional colleges and universities.
The RBI said in a statement that the decision for a funds injection was taken following the expectation of liquidity tightness on account of the advance tax
payment process starting mid-December 2013.
The match between Muntajat and The Hague is perfect," according to Bas Pulles, commissioner for foreign investment at NFIA, which helped the company obtain an advance tax
ruling from the Dutch tax authorities; while WFIA helped identify options for the right office space and local service providers based on the company's needs.
Further, CII is of the view that payment of advance tax
by SMEs should be made flexible with the option to pay advance tax
during the following quarter.