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It would be the same as for any other country. Each person liable to pay tax in India will be issued with a unique number, by means of which the tax system of India can identify the individual and track that individuals tax liability and payments over their lifetime.
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yes,he has to pay 30% of income tax ,, bhawna :P........ i m aayushi :P
The Service Tax in India is an indirect tax on all services, although there are some exclusions. In 2015, it was increased to 14%.
What software allows self preparation of trust tax form 1041/
No. Their is not any information that is included above that would make house rent be deductible on your 1040 income tax return.
All persons residing in India are responsible for paying Income tax on monies earned. Dollars earned from agriculture are tax exempt. This is imposed by the Government of India.
Income Tax
In india service tax is collected by CBEC (central board of excise and customs)
what is service tax no. of state bank of india hingna branch
Hi, Yes of course. But you need to declare that in your Income Tax returns. If it generates any income every year, again you need to declare that in your tax returns. Hope this helps