Taxation

Taxation laws for cryptocurrency income are still in its infancy in India, which is why it is important to get clarity Investment in cryptocurrencies such as Bitcoins has become quite popular among a niche group of investors. However, the rules related to taxation on various cryptocurrency transactions are not well understood by everyone. This can lead to improper tax filing, …

With its large global workforce, India is the biggest receiver of remittances from the United States A number of steps are being taken by the U.S. government, as part of its long-term strategy to Make America Great Again (MAGA). One of these steps is the proposed tax to be imposed on remittance made from the United States to other countries. …

Tax is often a burden for most of us and we always think about ways to reduce the amount of tax charged on our income. We also have a tendency of complaining about the high tax rate. However, based on where you live, it is possible that people in other countries may be paying a much higher tax rate. To …

A win in lottery games such as Powerball and Mega Millions can make you a multi-millionaire overnight. Just for records, the jackpot amount in 2016 Powerball was a staggering 1.586 billion. This was the highest ever recorded. Even if you consider the lower end, lottery jackpots can easily fetch you around a couple of hundred millions. So, what to do …

Taxation may be necessary from government’s perspective, but it is often a burden for taxpayers. Taxation takes away your hard earned money and is usually a complex, cumbersome process. Taxpayers usually have to hire a certified accountant to fulfill their tax obligations. Ask taxpayers and most would be quite happy if their tax burden can be eliminated. Can that be …