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Are there tax benefits to forming an HUF?
The Hindu Undivided Family (HUF), as the name suggests, is a family that includes wives and unmarried daughters, as well as those who are...
shunyataxfin
Aug 12, 20232 min read
Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employee
The finance ministry has issued a notification on May 24, 2023, to implement the increased ceiling for encashment of earned leave exempt...
shunyataxfin
Aug 12, 20232 min read
UAE Economic Substance Regulations: A Detailed Guide
Due to the UAE's favourable tax policies, which include no corporate and no personal income taxes, more and more businesses are moving...
shunyataxfin
Aug 11, 20235 min read
Is Samoa a Tax Haven? What Does This Jurisdiction Offer Businesses?
Samoa's government opposes the idea that the island nation is a tax haven, while certain groups and individuals have made this claim....
shunyataxfin
Aug 5, 20235 min read
Top Countries with No Personal Income Tax for You to Consider
Personal income tax is a considerable financial burden for many people and enterprises worldwide. More and more business owners are...
shunyataxfin
Aug 4, 20235 min read
New Global Minimum Tax Proposal: What to Expect
Corporate tax avoidance is a problem that the global economy has been fighting, which has cost developing economies a lot of money. The...
shunyataxfin
Aug 4, 20232 min read
Tax-free Sikkim. Tax-free Sikkim, a haven for commodity market speculators
Due to its unique tax haven-like status, Sikkim, a little State with a population of 6.58 lakh, has become a shelter for commodity market...
shunyataxfin
Aug 3, 20232 min read
Lionel Messi, Cristiano Ronaldo, Neymar: 10 tax fraud cases in football
Several sportspeople have had run-ins with the authorities over tax issues, and football is no exception. Many football stars and...
shunyataxfin
Aug 3, 20233 min read
Tax resident without Physically present in India for a single day?
Do you know that you can became Indian tax resident without spending a single day in India? For tax reasons, if you have been physically...
shunyataxfin
Jul 29, 20232 min read
St Lucia citizenship program and why it's Beneficial?
Citizenship by investment Programs (CIPs) is used to get residency and citizenship by donating a significant amount to the country. In...
shunyataxfin
Jul 25, 20232 min read
Tax Calculation on Cryptocurrency Earning with Example
Cryptocurrency tax calculation: Cryptocurrency is a new digital assistant of today's era Due to cryptocurrencies' popularity and profit...
shunyataxfin
Jul 25, 20232 min read
What is Smith's Manoeuvre, and how it uses it to pay less tax?
The Smith Manoeuvre is a Canadian strategy used to make your interest payments of tax deductible. It's the best time to discuss about...
shunyataxfin
Jul 24, 20233 min read
Sending money at the foreign-tax collection at source increased from 5% to 20%
Foreign costs more for sending money. Parents shall have more money because tax collection at source (TCS) for foreign Remittances...
shunyataxfin
Jul 24, 20232 min read
Income Tax Audits: All You Need To Know
Income tax audits are an important aspect of the Indian tax system, aimed at ensuring transparency and accountability while e filing...
shunyataxfin
Jul 2, 20234 min read
Top Investment Schemes with TDS Deduction for Higher Returns
Tax deduction schemes are investment opportunities that offer tax benefits to investors. These schemes are designed to encourage...
mialeone07
Mar 6, 20232 min read
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