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Section 115BB This section provides that income by way of winnings from lotteries, crossword puzzles, races including horse races or card games and other games of any sort or from gambling or betting of any form would be taxed at a flat rate of 30% plus surcharge, if applicable, plus health and education cess@4%. However, … Read more
(i) Earning/ Cash Flow Approach: In this approach, estimated cash flows for the foreseeable future are discounted to present value and business is valued accordingly. (ii) Asset approach: This approach is generally used when the business is not a going concern viz. during liquidation, untimely losses etc. The assets and liabilities are valued based on … Read more
It is obvious that the CAPM has gained massive popularity due to its ‘intuitive based approach’ of classifying risks into 2 buckets – ‘a risk free part’ and ‘the risk part that is relative to the market index’. However, this is also its greatest inherent weakness – the oversimplification of risks. Origins of Arbitrage Pricing … Read more
Conditions for Section 54D There must be compulsory acquisition of land and building or any right in land or building forming part of an industrial undertaking. The land and building should have been used by the assessee for purposes of the business of the industrial undertaking in the 2 years immediately preceding the date of … Read more
As of 2024, Charlie Sheen’s net worth is $3 million. According to Forbes, he earned a $1.8 million salary per episode from ‘Two and a Half Men’. During the first two seasons of the show, He was paid a record salary of $650,000 per episode. Charlie Sheen Net Worth 2024 Charlie Sheen is today facing … Read more
Where any person, being the assessee, has entered into an international transaction in any previous year, and the Assessing Officer considers it necessary or expedient so to do, he may, with the previous approval of the Principal Commissioner or Commissioner, refer the computation of the arm’s length price in relation to the said international transaction … Read more
Jen Psaki’s net worth is $18 million USD. According to the recent deal, Psaki earns a $5 million salary annually from MSNBC. Psaki is also a successful businesswoman. She and her friend Monica Lewinski own few massage centers in California and two Gyms in Austin. Since joining MSNBC, Psaki’s viewership ratings have slightly improved but … Read more
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 Wineries and Restaurants across California. Lobbying Earnings Newsom’s annual income exceeds $1.3 million as he engages in lobbying on behalf of various businesses … Read more
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 values being assigned to the individual assets and liabilities in such transfer. Capital gains – Whether long-term or short-term? [Section 50B(1)] Any profits … Read more
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 net worth has mostly saturated since then. Bongino and Tucker Carlson together own two Fine Dining restaurants in Manhattan. Bongino also owns a … Read more