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Tax deduction at source. 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 ...
Corporate taxes (33.99%) Other taxes (2.83%) Excise taxes (20.84%) Customs duties (17.46%) Other taxes (8.68%) other taxes (11.96%) Income tax in India is governed by Entry 82 of the Union List of the Seventh Schedule to the Constitution of India, empowering the central government to tax non-agricultural income; agricultural income is defined ...
Tax Deduction and Collection Account Number. 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. [1]
Tax on cash withdrawal. Tax on cash withdrawal is a form of advance taxation and is a strategy to keep tax evasion in check. This mode of tax collection is also called the presumptive tax regime. Globally, 3 countries are known to consider this approach namely, Pakistan, India [1] and Greece. [citation needed]
Chris Hemsworth had his family by his side to support him at his Hollywood Walk of Fame ceremony, where he was honored with a star on the iconic walkway. The Furiosa: A Mad Max Saga star, 40, was ...
The India–Pakistan, Indo–Pakistani or Pakistani-Indian border is the international boundary that separates the nations of the Republic of India and the Islamic Republic of Pakistan. At its northern end is the Line of Control, which separates Indian-administered Kashmir from Pakistani-administered Kashmir; and at its southern end is Sir ...
Indo-Pakistani War of 1965. Pakistani Army Position, MG1A3 AA, 1965 War. This war started following Pakistan's Operation Gibraltar, which was designed to infiltrate forces into Jammu and Kashmir to precipitate an insurgency against rule by India. India retaliated by launching a full-scale military attack on West Pakistan.
PayPak ( Urdu: پے پاک) is a Pakistani domestic financial services and payment service launched by 1Link under the State Bank of Pakistan Vision 2020. Currently, 35 of the country's banks have adopted it. [1] The reason to launch this domestic payment scheme was to save inter-change costs of International Payment Schemes.