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Companies are entitled to claim credit of Tax payable in Thailand on Dividend Income even if no taxes are paid
Income Tax
CA. Kavit Vijay

Companies are entitled to claim credit of Tax payable in Thailand on Dividend Income even if no taxes are paid

The Assessee earned dividend income from its subsidiary company based in Thailand. Assessee was liable to pay Income Tax @ 10% on such dividend income in Thailand. However, tax was exempted due to the statutory regime obtained in Thailand. While filing ITR in India, Assessee disclosed such income and claimed the credit of tax @ 10% which was payable in Thailand but not paid due to exemptions. 

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Income tax on Profit/ Loss from Intraday share trading
Information
CA. Kavit Vijay

Income tax on Profit/ Loss from Intraday share trading

Trading in the share market has increased a lot and not only persons who are engaged in hardcore share trading, other persons also invest funds in the share market. Every income in India is liable to Income tax. Similarly, profit or loss earned from share trading is also liable to income tax.

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Income Tax/ Capital gains on sale of inherited property
Income Tax
CA. Kavit Vijay

Income Tax/ Capital gains on sale of inherited property

Inheritance of property is a very common scenario and these properties are sold subsequently as well. In India, the sale of inherited property can have potential tax implications, particularly regarding capital gains. Capital gains tax is levied on the profit earned from the sale of an asset, including inherited property.

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