"I am a Chartered Accountant, dealing into taxation matters (direct tax). (Please reach me at canavodita@gmail.com) Working in corporate tax division handling international tax advisory cases Also worked in KPMG (Direct Tax for individuals), I have experience of handling tax litigation, tax planning advisory, investment advisory, GST transaction advisory and compliance of direct and indirect tax. I have been consultant to Ministry of Agriculture for Agriculture Infrastructure Fund (Rs. 1,00,000 crore fund) for funding various projects in agriculture sector."
Section 115BAC was introduced in Finance act 2020 as New Tax Regime whereby new tax rates were introduced for Individuals and HUF as an option to existing tax rates applicable.
Understand the tax implications of Leave Encashment as we approach the financial year-end. Explore when it’s taxed under salary, exemptions for government and non-government employees, and how to calculate the exempt amount. Get insights into Mr. Navankur’s case for a practical understanding.
As the name suggests, short stay exemption is leeway given to resident individuals staying for short term in overseas country. Short stay exemption is available to an individual being resident of a country, staying in overseas country for less than 183/90 days during a tax year.
What are per diems? Per diems are daily allowance provided to employees on business trips. They can be provided for meeting personal or official expenses while on business trip. As a business practice, companies available globally generally send their local employees overseas for project based work (short term or long term) The salaries of employees […]
