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In 2016, the exemption was $5.45 million per person. Starting in 2011, the GST exemption amount for generation-skipping trusts and for outright gifts to skip-persons, is $5 million per person (or $10 million for a married couple). The exemption amount is increased annually by an inflation adjustment as is the estate/gift tax exemption.
Protected persons is a legal term under international humanitarian law and refers to persons who are under specific protection of the 1949 Geneva Conventions, their 1977 Additional Protocols, and customary international humanitarian law during an armed conflict . The legal definition of different categories of protected persons in armed ...
The GST is imposed at variable rates on variable items. The rate of GST is 18% for soaps and 28% on washing detergents. GST on movie tickets is based on slabs, with 18% GST for tickets that cost less than ₹100 and 28% GST on tickets costing more than ₹100 and 28% on commercial vehicle and private and 5% on readymade clothes.
- For transactions of ₹ 2 lakhs to ₹ 5 lakhs -up to ₹ 25 per transaction plus applicable Time Varying Charges (₹ 1/- to ₹ 5/-); total not exceeding ₹ 30 per transaction, (+ GST). - Above ₹ 5 lakhs - ₹ 50 per transaction plus applicable Time Varying Charges (₹ 1/- to ₹ 5/-); total charges not exceeding ₹ 55 per transaction ...
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Peer-to-peer transactions (also referred to as person-to-person transactions, P2P transactions, or P2P payments) are electronic money transfers made from one person to another through an intermediary, typically referred to as a P2P payment application. P2P payments can be sent and received via mobile device or any home computer with access to ...
If an employer has employed more than 20 employees, he is required to make payment within 15 days from the end of the month. However, if an employer has less than 20 employees, he is required to pay quarterly(i.e. by the 15th of next month from the end of the quarter). Person responsible to pay professional tax
Interest income from a depository bank under the expanded foreign currency deposit system is taxed at the rate of 15%. Income from long-term deposits and investments, when pre-terminated in less than three years after making such deposit or investment, is taxed at the rate of 20%; less than four years, 12%; and, less than five years, 5%.