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Strictly, the term Non-resident Indian refers only to the tax status of an Indian citizen who, as per section 6 of The Income-tax Act, 1961, has not resided in India for a specified period for the purposes of the Income Tax Act. [30] The rates of income tax are different for persons who are "resident in India" and for NRIs.
The Telugu Diaspora refers to Telugu people who live outside their homeland of Indian states of Andhra Pradesh and Telangana. [17] They are predominantly found in North America , Europe , Australia , Caribbean , Gulf , Africa and other regions around the world.
A census taker visits a family of Indigenous Dutch Travellers living in a caravan in the Netherlands in 1925.. A census (from Latin censere, 'to assess') is the procedure of systematically acquiring, recording, and calculating population information about the members of a given population, usually displayed in the form of statistics.
The act, which became effective on 1 April 1962, replaced the Indian Income Tax Act, 1922. Current income-tax law is governed by the 1961 act, which has 298 sections and fourteen schedules. [9] The Direct Taxes Code Bill was sponsored in Parliament on 30 August 2010 by the finance minister to replace the Income Tax Act, 1961 and the Wealth Tax ...
An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Taxation rates may vary by type or characteristics of the taxpayer and the type of income.
The rise in the Telugu American population is attributed to the increasing representation of South Indian diaspora in the technological field, especially following the Y2K incident. [3] In fact, the Brookings Institution Report revealed that the Telugu states sent over 26,000 students between 2008 and 2012, with most pursuing degrees in STEM ...
Either a progressive or proportional income tax is levied by the Confederation and by the cantons on the income of natural persons. The income tax is imposed as a payroll tax on foreign workers without a residence permit, [11] and in the form of a withholding tax on certain transient persons, such as foreign musicians performing in Switzerland.
The Income Tax Act, 1961, and the Income Tax Rules, 1962, require citizens to file their tax returns with the Income Tax Department at the end of every financial year and this form is a part of the filing process as specified by the Government of India. The due date for filing return with the Income Tax Department of India is 31 July every year.