Gavin Newsom has a net worth of $42 Million USD. Newsom earns $5 Million annually through his businesses, lobbying and investments. He is the founder of PlumpJack Group, a company that operates…
Capital Gains in Respect of Slump Sale
What is Slump Sale? As per section 50B of the Indian Income Tax Act, Slump sale means transfer of one or more undertakings, by any means, for a lump sum consideration without…
Dan Bongino’s $45 Million Assets and Taxes
Dan Bongino has a net worth of $45 Million USD as of 2024. Dan Bongino was earning a $6 million salary annually from Fox News until he quit the network. So his…
Kash Patel Comes from a Wealthy Family of Immigrants
Kash Patel is an American attorney and former government official known for his loyalty to Donald Trump. He is expected to become the next Director of the FBI. He served as the…
Steps for the Clearance of Exportation Goods
ENTRY OF GOODS FOR EXPORTATION [SECTION 50] The exporter is, under section 50 of the Customs Act, required to present electronically on the customs automated system to a proper officer of customs…
Matt Gaetz Net Worth and $18 Million Inheritance
Matt Gaetz has a net worth of $50 million as of 2024. According to his Tax Returns and Financial Records, Gaetz earns $7.9 million annually through business profits and lobbying. He inherited…
Filing Import Bill of Entry for Goods Clearance
Section 46 of the Indian Customs Act, 1962 pertains to the filing of a bill of entry for the clearance of imported goods. Overview of Import Bill of Entry According to Section…
Tax on distribution of assets by companies in liquidation
Section 46(1) – No capital gain to company on distribution of assets to shareholders on liquidation: Wwhere the assets of a company are distributed to its shareholders on its liquidation, such distribution…
Effect of Double Taxation Avoidance Agreement
If an agreement is entered into under this section, the effect of the same shall be as under:- (i) If no tax liability is imposed under the Income-tax Act, the question of…
John Thune’s Wealth Grew 800% in Recent Years
John Thune is a senior U.S. senator and the Senate minority whip. He has served since 2005 and previously represented South Dakota in the House. He is currently the leading contender to…