Srinivasan Anand G.The Direct Taxes Code Bill, 2009 is silent on the tax treatment of reverse mortgage. The author opines that having regard to the nature of the transaction, the position which prevails under the Income-tax Act, 1961 will continue under the Code also. However, it is desirable that express provisions be incorporated.1. Under section 47(xvi) of the Income-tax Act, 1961 (the Act), any transfer of a capital asset in a transaction of...more
Mobile digital signage no matter if it is a topper on a taxi cab or a fully mobile billboard truck, mobile signage is growing 90% faster than last year. We are constantly asked for signage enclosures for projects were they are going to be used in mobile digital signage applications, the benefit of mobile signage say using a billboard truck (this is a truck that has special sun bright screens both sides of it) is that if you have a...more
Hong Kong is a central hub for business in Asia. It is extremely popular for a variety of reasons, including political stability, economic freedom and tax benefits. Hong Kong has one of the lowest tax rates in the world for a developed country, and has an intricate and effective tax system that allows companies to conduct business without being overpowered by their tax liabilities. Indeed, Hong Kong is rated as the worlds 3rd friendliest tax system by Forbes (Tax Misery & Reform Index 2009). Corporate Tax in Hong KongGiven the large number of companies that operate in Hong Kong or have an offshore business in Hong Kong, an understanding of Hong Kong tax implications begins with corporate tax. In Hong Kong, any company conducting business on or offshore can be liable to corporate tax. Profits sourced in Hong Kong are taxed at a low rate of 16.5%, and unincorporated businesses are taxed at 15%. Profits that are sourced overseas, also known as offshore profits, benefit from a zero tax rate, even when remitted back to Hong Kong. Profits derived from operating ships in Hong Kong are treated as offshore profits and are not liable to tax, but profits derived by professional reinsurers for...more
Many entrepreneurs and individuals have heard about offshore banking, but are unsure about the benefits, the legal implications and even what it is exactly. By gaining a better understanding of what offshore banking really is entrepreneurs can decide whether it is relevant to their company, and to what extent it can benefit them.Technically...more
If you are searching for information related to unsecured big loans or any other such as limits, veteran home loan, va certificate for va loan or va home loan lender you have come to the right article. This piece will provide you with not just general unsecured big loans information but also specific and helpful information. Enjoy it.You are in the...more
They say that this tea is a darling. Yes, Darjeeling tea is often referred to by many as the finest in the world. Because of this, many people would seek only the finest Darjeeling to complete their afternoons.You may think that there are a lot of varieties of tea available, and you just cant help yourself from wondering how come that Darjeeling tea seems to be the most exquisite of all teas. You can actually find your answers by taking a closer look at how the Darjeeling tea is grown, harvested, and produced into your tea.This tea plant is only grown in Darjeeling in India at an elevation of 750 2000 meters. The tea bushes here are nurtured by sunshine, rainfall, and the mists. During harvest season, only the bud and the finest two leaves are picked to be made into Darjeeling tea. Imagine the producers adherence to quality and not to quantity, considering that they only get to produce 10 million kg annually. This low yield is welcomed every year knowing that quality is at the forefront.The organic Darjeeling tea is known for its special flavor that cannot be replicated anywhere in the world. So many have tried to imitate the flavor produce by Darjeeling tea but only failed to do...more
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Every single quarter, employers are required to pay payroll taxes. They do this by withholding payroll taxes from each employee's paycheck. These taxes are paid to the IRS. The forms that the employers use to fill payroll taxes are normally the 941...more
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