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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 ...
Income tax return (India) Income tax return is the form in which assesses file information about his/her income and tax thereon to Income Tax Department. Various forms are ITR 1, ITR 2, ITR 3, ITR 4, ITR 5, ITR 6 and ITR 7. When you file a belated return, you are not allowed to carry forward certain losses. [1] The Income Tax Act, 1961, and the ...
Abbrev. Meaning Latin (or Neo-Latin) origin ; a.c. before meals: ante cibum a.d., ad, AD right ear auris dextra a.m., am, AM morning: ante meridiem: nocte every night ...
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Indian diaspora. Overseas Indians ( ISO: Pravāsī Bhāratīya ), officially Non-Resident Indians ( NRIs) and People of Indian Origin ( PIOs) are Indians who reside or originate outside of India. [30] [31] According to the Government of India, Non-Resident Indians are citizens of India who currently are not living in India, while the term ...
NRI – net revenue interest; NRV – non-return valve; NPW – new pool wildcat, Lahee classification; NS – North Sea; can also refer to the North Slope Borough, Alaska, the North Slope, which includes Prudhoe Bay Oil Field (the largest US oil field), Kuparuk Oil Field, Milne Point, Lisburne, and Point McIntyre among others [citation needed]