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Global income tax

Income tax that aggregate income from all sources at the individual (or family unit) level. The income is then taxed at a single progressive rate.

News On Global income tax
Last date for e-filing of I-T return extended to Sep 7

02-09-2015| Source:PTI

The government today extended the last date for e-filing of Income Tax return by a week to September 7.

What level on the S&P is the 'Yellen put'?

02-09-2015| Source:CNBC

Central banks have been purchasing fixed-income assets in secondary bond markets since the global financial crisis of 2008. The aim is to boost liquidity in the banking sector and thus encourage

Avoid over investing for tax purposes

02-09-2015| Source:Moneycontrol.com

One should know how much he has to invest to plan his income tax well. Otherwise, he ends up over-investing in tax saving instruments that offer little benefits to him.

Govt decides to not pursue MAT cases against FIIs: Sources

01-09-2015| Source:PTI

The Finance Ministry, according to sources, is also likely to come out with requisite amendments to the Income Tax Act in the next Budget in February to clarify that MAT will not apply to FIIs

What is gross value added (GVA)?

01-09-2015| Source:Moneycontrol.com

), savings (profits, depreciation), and (indirect) taxes.3) GVA is used to estimate or assess the Gross Domestic Product (GDP). When using income or production approaches, contribution of each and every sector

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