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Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income tax must be deducted at ...
This form is directly related to the process of making a payment to a non-resident entity and deduction of Tax Deduction at Source (TDS) on the payment made, at the rates in force at the time. [3] As per Sub-Section (6) of Section 195 of the Income Tax Act of 1961, Form 15CA is required to be presented to the Reserve Bank of India before a ...
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Duty Entitlement Pass Book Scheme (DEPB) is an export incentive scheme. The objective of DEPB is to neutralise the incidence of Customs duty on the import content of the export product. The neutralisation shall be provided by way of grant of duty credit against the export product. Under the DEPB, an exporter may apply for credit, as a specified ...
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May 26, 2024 at 3:22 AM. (Reuters) - A tornado in northern Texas has killed at least two people and left multiple injured, the New York Times reported on Sunday, citing Ray Sappington, the sheriff ...
Storms that slammed several Southern states added to the region's recent string of weather-related destruction and death, including that of a Louisiana woman who was nine months pregnant. The ...