The Commerce Journal,Business and Local Businesses
*The Commerce Journal>>>India Taxes

What is tax exempt status?


What is tax exempt status?

A particular person, place, or thing is not subject to taxation.
However, always remember that tax exempt of one tax does not automatically make it exempt for all taxes on all tax agency levels.

Tags
  United States Taxes   United Kingdom Taxes   Spain Taxes   Singapore Taxes   Mexico Taxes   Ireland Taxes   India Taxes   Germany Taxes   Canada Taxes   Australia Taxes   Small Business
Related information
  • Double taxation prevention?

    If you are working in the UK for 7 months, you are treated as tax resident here as you will have spent over 183 days here. Therefore, any work carried out in the UK is liable to UK tax. However, if...

  • Why is it important to calculate the basis of each partner's interest in a partnership?

    I can't speak as to Indian tax law. But under U.S. tax law, "basis" is the tax codes' way of saying "investment" more or less. It is important to calculate the bas...

  • What is ppc objection?

    ping-pong correction objection in such cases the file is not traceable I guess this is how duplicate and triplicate applications get generated and cards issued.I took my PAN card to ICICI Bank and ...

  • I want to know my pan card details such as date of birth, area etc. if i have my PAN Card No?

    I think u don't have PAN Card. u can call at 95124-2438000 for your PAN CARD Details.

    ...
  • What is the last date for filing IT return for2007-08 for Drs. in India?

    1) If you are a salaried doctor= Last date: 31st July every year. 2) If you are a practicing doctor with gross receipts less than 10 lakhs= 31st July every year. 3) If you are a practicing docto...

  • Hi, we are working couple, both in same company, both in 30% tax slab. Can we both claim HRA?

    Legally u cannot do it.. but usually people i mean couples working in different companies claim it u can claim it...taking the rent paid receipts..

    ...
  • Difference between Mutual funds and shares?

    Shares are that you buy directly from stock market for your self. Mutual fund companies also buys shares for the mutual fund with the fund money. You can buy mutual fund units from the FM company....

  • If i invest 40,000 in ELSS than howmuch money i will save as tax-saving?

    ELSS comes under 80c tax saving benefit. The maximum limit for investing in 80c tax benefit is Rs.1 lakh. If you are in 30% tax bracket (if your income is Rs.3.5 lakhs), then the 1 lakh 80C b...

  •  

    Commerce Categories--Copyright/IP Policy--Contact Webmaster