Tax saving

Are there tax benefits to forming an HUF?

Aug 12, 20232 min read

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...

Tax exemption limit on leave encashment increased to Rs 25 lakh for non-government salaried employee

shunyataxfin

Aug 12, 20232 min read

Tax saving

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...

UAE Economic Substance Regulations: A Detailed Guide

shunyataxfin

Aug 11, 20235 min read

Tax saving

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...

Is Samoa a Tax Haven? What Does This Jurisdiction Offer Businesses?

shunyataxfin

Aug 5, 20235 min read

Tax saving

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....

Top Countries with No Personal Income Tax for You to Consider

shunyataxfin

Aug 4, 20235 min read

Tax saving

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...

New Global Minimum Tax Proposal: What to Expect

shunyataxfin

Aug 4, 20232 min read

Tax saving

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...

Tax-free Sikkim. Tax-free Sikkim, a haven for commodity market speculators

shunyataxfin

Aug 3, 20232 min read

Tax saving

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...

Lionel Messi, Cristiano Ronaldo, Neymar: 10 tax fraud cases in football

shunyataxfin

Aug 3, 20233 min read

Tax saving

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...

Tax resident without Physically present in India for a single day?

shunyataxfin

Jul 29, 20232 min read

Tax saving

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...

St Lucia citizenship program and why it's Beneficial?

shunyataxfin

Jul 25, 20232 min read

Tax saving

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...

Tax Calculation on Cryptocurrency Earning with Example

shunyataxfin

Jul 25, 20232 min read

Tax saving

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...

What is Smith's Manoeuvre, and how it uses it to pay less tax?

shunyataxfin

Jul 24, 20233 min read

Tax saving

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...

Sending money at the foreign-tax collection at source increased from 5% to 20%

shunyataxfin

Jul 24, 20232 min read

Tax saving

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 2, 20234 min read

Tax saving

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...

Top Investment Schemes with TDS Deduction for Higher Returns

mialeone07

Mar 6, 20232 min read

Finance

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...