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Form 16D is a TDS Certificate issued for payment of a commission, brokerage, contractual fee, the professional fee under section 194M by the payer. Under Section 194M if the payments to resident contractors and professionals exceed INR 50,00,000 during the Financial Year, the payer has to deduct tax at the rate of 5% from the sum payable to a ...
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The United States Revenue Act of 1978, Pub. L. 95–600, 92 Stat. 2763, enacted November 6, 1978, amended the Internal Revenue Code by reducing individual income taxes (widening tax brackets and reducing the number of tax rates), increasing the personal exemption from $750 to $1,000, reducing corporate tax rates (the top rate falling from 48 percent to 46 percent), increasing the standard ...
DOGE wants access to filers’ data, and the commerce secretary says Trump wants to scrap the IRS. But filing a return remains mandatory — the earlier the better, tax advisers say.
Section 94A of the Constitution Act, 1867 (French: article 94A de la Loi constitutionnelle de 1867) is a provision of the Constitution of Canada relating to old age pensions and supplemental benefits. It was originally added to the Constitution Act, 1867 in 1951, dealing with old age pensions. It was expanded by a further constitutional ...
(The Center Square) – After ranking among the most expensive states to raise a child, Washington wants to cut costs for parents, but one plan would put nearly $730 million at risk amid a massive ...
Israel’s Prime Minister Benjamin Netanyahu vowed on Sunday to “finish the job” against Iran with the support of US President Donald Trump.
If the interest earned on recurring deposits exceeds Rs. 40,000 a year, TDS would be deducted by the bank at the rate of 10%. 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 without taxable income must submit a Form 15G to avoid TDS on recurring and fixed ...