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Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.
capped at HUF 200 million (€0.65 million) Local business tax: maximum 2% of net sales revenue Innovation contribution: 0.3% Financial transaction tax: 0.3% of transferred amount maximum HUF 6000 (€20) VAT: 27% (standard), 18%, 5% Hungary quick tax facts for Individuals (2017), Source: Deloitte. [1] Income tax rate: 15% Capital gains tax ...
The tax rates displayed are marginal and do not account for deductions, exemptions or rebates. The effective rate is usually lower than the marginal rate. The tax rates given for federations (such as the United States and Canada) are averages and vary depending on the state or province. Territories that have different rates to their respective ...
In India, a Tax Deduction and Collection Account Number (TAN) is a 10 digit alpha-numeric number issued by the Income Tax Department to the persons who are required to deduct or collect tax on payments made by them under the Indian Income Tax Act, 1961.
Chinese hackers remotely accessed several U.S. Treasury Department workstations and unclassified documents after compromising a third-party software service provider, the agency said Monday. The ...
LONDON (Reuters) -A man has been charged with a bomb hoax after an incident outside the United States Embassy in London last week, British police said on Monday. Daniel Parmenter, 43, who has been ...
Penn State University is playing its first game in the College Football Playoff in just a few days and is facing a shakeup in the quarterback room thanks to the sport’s wide-open transfer rules.
Tax deducted at source (TDS) is applicable on recurring deposits in India. If the interest earned on recurring deposits exceeds Rs. 40,000 a year, TDS at the rate of 10% would be deducted by the bank. Income tax is to be paid on interest earned from a Recurring Deposit at the rate of tax slab of the Recurring Deposit holder. Investors with no ...