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Dividends are generally classified under 'Income from other sources' and are taxed at the applicable income-tax rates.
While the fervour that sells is jingoism and often power prevails; eventually multilateralism is the only rational approach to find answers for all the vexing problems of the world ranging from trade disputes to stemming the devastation that could be unleashed by climate change.
The emerging themes in the post-pandemic play will be falling asset prices, the pressure to generate liquidity, investors looking to exit portfolio companies, growing distress and value maximisation.
Rethinking tax functions is imperative, as taxation complexities are likely to stay.
Borrowing from or lending by a relative or friend is not a taxable transaction from an income tax perspective but there are certain other regulations that one should keep in mind while borrowing or lending, to avoid penalties
Savings for a borrower ranges from few thousands to a maximum of ₹21,550 for a loan amount of up to ₹2 crore.
Employers have ensured to extend help to employees to make the work environment conducive – reimbursement of certain expenses, grant of additional allowances or benefits, extended medical coverages, etc.
In the current COVID-19 era, as the world races towards digitisation, the role of innovation and intellectual property rights has gained both urgency and prominence as companies race to develop vaccines, medical equipment and cloud-based solutions to create extraordinary wealth in a short period...