it's not a given you'll owe benefit taxes. If you're worried, you could try to reduce your provisional income to keep yourself below the taxable threshold. You can do this by limiting how much ...

Exhibit B-- Taxable Payments or Reimbursements to Employees - Required for taxable payments or reimbursements defined in SAM 03.D.06 ...

Documents for providing proof of the University of Houston's Federal and State exemption, Taxpayer Identification Number, Hotel Occupancy Tax exemption, Motor Vehicle Rental Tax Exemption Certificate, ...

If you use your car for business, you can deduct some or all of your insurance expenses from your taxes. This includes self-employed business owners, contractors, freelancers and people who drive for ...

This article explores when the otherwise deductible rule can be applied to reduce the taxable value of a fringe benefit. Employers will soon (if not, already) be reviewing records and arrangements to ...

The Kenya Revenue Authority (KRA) has cut the tax rate charged on employee welfare benefits to a two-year low, expecting to pass on the gains of the latest cuts in market lending rates by the Central ...

In summary, personal loans are not considered taxable income in India. However, their usage can determine whether borrowers qualify for tax benefits. Proper planning, documentation, and prudent ...

The move, which came into effect on April 1, will benefit thousands of Indian students and professionals working in federally regulated sectors in Canada, including banking, interprovincial ...

The Kenya Revenue Authority (KRA) has announced the new fringe benefits tax and deemed interest tax rates to serve for the next three months between April and June. In a notice on Tuesday, April 8, ...

A loan benefit can also result from a loan granted by an associate of an employer, or a third party under an arrangement with the employer. The taxable value of a loan fringe benefit will generally be ...

Summary: Section 194-IB of the Income Tax Act mandates individuals and HUFs to deduct TDS at 2% on monthly rent payments exceeding ₹50,000 to a resident, regardless of business or professional status.