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Conversely, presumptive taxation would implicitly penalise idle lands and those held for speculation, stimulating their transfer and sale to more active and conscientious producers. Sancianco opposed taxation based on the type of crops cultivated, citing as a reason the unpredictability of market conditions and hence the need to allow ...
The SUGAM ITR-4S Form is a Presumptive Income Tax Return Form and is part of the Income Tax Returns Filing process with the Income Tax Department of India. The Form is required to be filled out and submitted by those who are eligible to use it under the Income Tax Act, 1961, and the Income Tax Rules, 1962.
Maximum limit for audit of specified assesses who opt for presumptive income (Section 44AD of Income Tax Act) scheme increased from 1 crore to 2 crores. No transaction above 3 lakhs through cash is permitted subject to certain exceptions [ 21 ]
In 2004, the agency spearheaded the introduction of the value added tax in Zimbabwe, replacing the sales tax. The agency in the past has endorsed the presumptive tax and road tolls, as well as new systems like Asycuda World and a self-assessment system of taxation. [2]
Academic leaders in tax haven research, and other non–governmental organizations, point to the role of OECD and EU tax havens in tax avoidance from base erosion and profit shifting (BEPS) schemes, like the Double Irish, the Single Malt and the Dutch Sandwich. [31] [32] [33] They regard them as major tax havens in their definitions of tax ...
Trump’s lawyers argued the gag order is an unconstitutional curb on the presumptive Republican nominee’s free speech rights while he’s campaigning for president and fighting criminal charges.
Tax on cash withdrawal is a form of advance taxation and is a strategy to keep tax evasion in check. This mode of tax collection is also called the presumptive tax regime. Globally, 3 countries are known to consider this approach namely, Pakistan, [1] India [2] and Gree
The Village People’s lyricist and lead singer has hit out at the “false assumption” that the band’s biggest hit, “YMCA,” is a “gay anthem.”