Section 43CA has been inserted as an anti-avoidance measure to provide that where the consideration for the transfer of an asset (other than capital asset), being land or building or both, is less than the stamp duty value, the value so adopted or assessed or assessable (i.e., the stamp duty value) shall be deemed to … Read more
Julia Louis-Dreyfus’s net worth is $280 million as of 2024. You might wonder how did she become so wealthy. Julia earned tens of millions from Seinfeld in salary and continues to earn royalties, and has also inherited a lot of money, according to Forbes. Seinfeld Income Julia Louis-Dreyfus, who played Elaine Benes on the hit … Read more
You might be shocked to know that, Ingraham is the 4th richest journalist in US, behind the likes of Sean Hannity and Greg Gutfeld. Laura Ingraham has a net worth of $90 million as of 2024. She earns an annual salary of $18 million from Fox News. She owns $29 million worth of real estate … Read more
Section 40A(7) provides that no deduction would be allowable to any taxpayer carrying on any business or profession in respect of any provision (whether called as provision or by any other names) made by him towards the payment of gratuity to his employers on their retirement or on the termination of their employment for any … Read more
Donald Trump’s granddaughter Kai Trump’s boyfriend Zachery is currently facing allegations for his involvement in a crypto scam and also evading $10 million in taxes. Zachery, who is 21 years old, has inherited millions from his family’s estate and owns numerous real estate properties in New York City’. As of 2024, Kai Trump’s net worth … Read more
Joy Reid has a net worth of $7 million USD as of 2024. Reid earns a $1.5 million salary annually from MSNBC. Reid started her career way back in 1988. Her first job was with a radio station, making $350 per month. She is married to Jason Reid, a documentary film editor, and they have … Read more
Section 124. Procedure for Confiscation of Goods: These provisions are applicable to Central Excise also. Before confiscation, a show cause notice has to be served on the owner of the goods. An opportunity shall be given for representation of the case. The show cause notice must be given only with prior approval of an officer … Read more
Sandra Smith is a co-anchor of America Reports on the Fox News Channel and has a net worth of $40 million. Smith earns a $7 million salary annually. Smith has inherited $3.2 million from her family estate. The inheritance includes several real estate properties and land in Boulder, Colorado, where she grew up. Sandra Smith’s … Read more
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