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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
Tax deducted at source and actual tax liability may differ

27-03-2015| Source:Moneycontrol.com

Though there is a provision to deduct tax at the source of income, one must assess this tax position. Despite TDS, one may have to pay tax, if his tax rate is higher than the rate of TDS. One may

Equity NAVs decline as market end lower ahead of F&O expiry

26-03-2015| Source:Moneycontrol.com

.80.Experts see more correction in medium term but in near term, the Nifty may try to remain in range of 8400-8600.On the Fixed income front, debt funds too ended with negative returns. Mohan Shenoi, Kotak

Equity NAVs decline as markets end flat

25-03-2015| Source:Moneycontrol.com

and Smallcap indices lost 0.4-0.6 percent.Experts continued to see consolidation in near term though they are positive in medium to long term.On the fixed income front, long term debt funds, remained under

Nokia may be allowed to sell Chennai mobile plant

24-03-2015| Source:PTI

of Revenue, Department of Industrial and Policy Promotion (DIPP) and Department of Electronics and IT. CBDT was part of the discussions. The assets of Nokia Chennai plant have been frozen by the Income Tax

Black money: India offers cash reward to HSBC whistleblower

23-03-2015| Source:PTI

The Finance Ministry had in February said that the Income Tax department was already in touch with Falciani, "who apparently brought out the names of persons holding undisclosed bank accounts

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