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
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
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 a shipping bill in case of export by a vessel or by air and a bill of export, in case of export by … Read more
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 millions from his family’s estate. Recent reports indicate that multiple women have alleged Gaetz paid them for sex and attended parties involving drugs … Read more
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 46, Filing of Import Bill of Entry is not required for goods intended for transit or transhipment. However, for other goods, it is … Read more
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 shall not be regarded as a transfer by the company. Therefore, there will be no capital gain to the company. Section 46(1) has … Read more
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 resorting to the agreement would not arise. An agreement cannot impose any tax liability where the liability is not imposed by the Act. … Read more
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 become the Senate Majority Leader. John Thune Net Worth Senator John Thune has a net worth of $7.5 million as of 2024. He … Read more