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Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
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Deadline Over, Pay Higher Tax If You Haven't Done This
Under Section 206AA and 206CC, failure to link will result in twice the usual TDS rate and other financial consequences.
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"No New Change In Tax Regime": Government Explains What Changes From Today
In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.
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Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
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Income Tax Rates Should Increase Consumption: Automobile Industry Praises Union Budget 2023
Automotive Component Manufacturers Association President Sunjay J Kapur said the budget is a blueprint of a digitally enabled Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace.
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India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
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Centre Planning Lowering Rates In New Income Tax Structure: Report
"Allowing exemptions and tax deductions in the new income tax regime would make it complex and this wasn't the intention while introducing the scheme," said one of the government sources.
-
UK Drops Tax Cut For Top Earners Amid Row, Liz Truss's 1st Policy U-turn
Britain on Monday scrapped plans to axe its top income tax rate just 10 days after a debt-driven budget sparked turmoil on markets and fierce criticism during a cost-of-living crisis.
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UK To Reverse Income Tax Cut That Sparked Market Turmoil, Plunge Pound
The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.
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Rishi Sunak Pledges 20% Cut In Basic Rate Of Income Tax By 2029 In UK
Rishi Sunak, trailing in the race to become Britain's next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029.
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How To File Income Tax Returns? Read Here As Deadline Approaches
Income tax is levied on the basis of a slab system. This means, different tax rates are prescribed for different ranges of income.
-
Jeff Bezos, Joe Biden Engage in War of Words: Can Corporate Taxes Tame Inflation?
Jeff Bezos initiated a political fight this weekend on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and "misdirection”. Replying to Bezos on Monday, the White House commented that the billionaire “opposes an economic agenda for the middle class.”
-
1% Tax Deductible At Source May Lead To Liquidity Crunch, Say Crypto Experts
When India's government unveiled a plan to tax crypto assets in February, it was the 30% rate on income from digital-asset investments that grabbed headlines. But its a different levy that has the industry warning of a potentially destabilizing liquidity crunch.
-
Income Tax Returns (ITR): All You Need To Know In 10 Points
Income tax returns (ITR) filing is a must for everyone, even if your tax liability is zero and your income is well below the taxable limit provided by the government. There was no change to the tax structure in the latest Union Budget, carrying forward from last year the rates and the income tax slab limits.
-
Budget 2022: "Middle Class" Memes Trend Big Time After No Income Tax Change
Finance minister Nirmala Sitharaman did not announce any changes in income tax rates or slabs while presenting the Union Budget 2022
-
Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
-
Deadline Over, Pay Higher Tax If You Haven't Done This
Under Section 206AA and 206CC, failure to link will result in twice the usual TDS rate and other financial consequences.
-
"No New Change In Tax Regime": Government Explains What Changes From Today
In a detailed note, the ministry explained that the new tax regime has low rates but fewer exemptions and deductions.
-
Parliament Passes Bill to Levy 28 Percent GST on Online Games; Offshore Gaming Firms to Need Registration
Parliament on Friday approved amendments to the Central and Integrated GST laws to levy 28 percent tax on the full face value of bets in online gaming, casinos and horse race clubs. The CGST amendment bill defines 'online gaming' as a game on the internet or an electronic network.
-
Income Tax Rates Should Increase Consumption: Automobile Industry Praises Union Budget 2023
Automotive Component Manufacturers Association President Sunjay J Kapur said the budget is a blueprint of a digitally enabled Aatmanirbhar Bharat, coupled with measures that will drive sustainable yet inclusive growth at a rapid pace.
-
India Should Consider Lowering TDS Rate on Cryptocurrency Trade to Stem Flight of Capital, Users: Report
India should consider lowering the 1 percent TDS imposed on cryptocurrency transactions, according to a joint report Chase India and Indus Law. The government, from April 1 last year, has brought in a 30 per cent income tax plus surcharge and cess on transfer of virtual digital assets (VDAs), including cryptocurrencies, like Bitcoin, Ethereum, Teth...
-
Centre Planning Lowering Rates In New Income Tax Structure: Report
"Allowing exemptions and tax deductions in the new income tax regime would make it complex and this wasn't the intention while introducing the scheme," said one of the government sources.
-
UK Drops Tax Cut For Top Earners Amid Row, Liz Truss's 1st Policy U-turn
Britain on Monday scrapped plans to axe its top income tax rate just 10 days after a debt-driven budget sparked turmoil on markets and fierce criticism during a cost-of-living crisis.
-
UK To Reverse Income Tax Cut That Sparked Market Turmoil, Plunge Pound
The government of British Prime Minister Liz Truss was forced on Monday into a humiliating U-turn, reversing plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.
-
Rishi Sunak Pledges 20% Cut In Basic Rate Of Income Tax By 2029 In UK
Rishi Sunak, trailing in the race to become Britain's next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029.
-
How To File Income Tax Returns? Read Here As Deadline Approaches
Income tax is levied on the basis of a slab system. This means, different tax rates are prescribed for different ranges of income.
-
Jeff Bezos, Joe Biden Engage in War of Words: Can Corporate Taxes Tame Inflation?
Jeff Bezos initiated a political fight this weekend on Twitter by denouncing a tweet from President Joe Biden about corporate taxes as “disinformation” and "misdirection”. Replying to Bezos on Monday, the White House commented that the billionaire “opposes an economic agenda for the middle class.”
-
1% Tax Deductible At Source May Lead To Liquidity Crunch, Say Crypto Experts
When India's government unveiled a plan to tax crypto assets in February, it was the 30% rate on income from digital-asset investments that grabbed headlines. But its a different levy that has the industry warning of a potentially destabilizing liquidity crunch.
-
Income Tax Returns (ITR): All You Need To Know In 10 Points
Income tax returns (ITR) filing is a must for everyone, even if your tax liability is zero and your income is well below the taxable limit provided by the government. There was no change to the tax structure in the latest Union Budget, carrying forward from last year the rates and the income tax slab limits.
-
Budget 2022: "Middle Class" Memes Trend Big Time After No Income Tax Change
Finance minister Nirmala Sitharaman did not announce any changes in income tax rates or slabs while presenting the Union Budget 2022
