Duty Tax

How to offer a good to children in a tax-efficient way

Giving assets to your children can ease tax obligations You need to ask yourself whether it is more efficient to pass it on while you are alive or after your death. In some cases, it makes sense to pass it on to a trust Whether you are looking to reduce …

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Which one to choose to transfer your assets?

There are two ways to transfer your assets to anyone, including your children, by donating while you are alive or leaving by will. Both modes have their own advantages and disadvantages, so let’s discuss which option to use. Transfer your assets during your lifetime by means of a donation Anyone …

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Reduction in Market Value and Stamp Duty Rate in West Bengal and Delhi – Tax

India: Reduced Market Value and Stamp Duty Rate in West Bengal and Delhi July 20, 2021 Khaitan & Cie To print this article, simply register or connect to Mondaq.com. introduction The COVID-19 pandemic has caused an economic slowdown, including in the real estate sector, and reduced the purchasing power of …

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Avoid at all costs

Reports suggest that the raids were carried out to investigate violations of tariffs on imports of network equipment. Officials from the Tax Intelligence Directorate (DRI) carried out ‘searches’ of the offices of the South Korean company Samsung Electronics for alleged fraud of import duties of network equipment, said people familiar …

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Customs records nearly $ 1.16 billion in first half of 2021

The General Directorate of Customs and Excise of the Ministry of the Economy and Finance (GDCE) collected $ 1.1595 billion in revenue in the first half of 2021, down 8.9% year on year. GDCE Director General Kun Nhem made the remark on July 14 via video link during a meeting …

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Home sales in India increase 185% in the second quarter of 2021

Image used for illustrative purposes only. V Nagarajan The Indian residential segment performed remarkably well during the first half of this year. Sales in the top 8 cities grew 185% year-on-year in the second quarter (Q2) of 2021 and 67% year-on-year in the first half of 2021. A total of …

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Conor Murphy: The Two-Tier SDLT Conclusion Was The Right Decision

According to Conor Murphy, Managing Director of Smartr365, the two-tiered conclusion of the Stamp Duty Property Tax (SDLT) holiday was absolutely the right decision. He believes that the initial presentation a vacation created an incentive to keep the real estate market vibrant during a time of turmoil. Murphy said: “The …

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Longest-serving Deputy Prime Minister Hong Nam-ki: DONG-A ILBO

Members of the Democratic Party of Korea agreed on Tuesday to provide pandemic support to all South Korean citizens. “We will create a consensus by talking to the government and the opposition party,” party leader Song Young-gil said on Wednesday, pushing for pandemic support for all citizens. Some party members …

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UP’s own tax revenue up 92% year-on-year in first quarter

In the first quarter of FY22, UP’s non-tax revenue increased by about 8% year-on-year to Rs 1,953 crore, or 32% of the quarter’s target of Rs 6,068 crore. As the economic recovery accelerates, Uttar Pradesh’s tax revenue (OTR) grew 92 percent year-on-year to 30,157 crore in the first three months …

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