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INCOME TAX AUSTRALIA
NRE vs NRO income tax rules: How these NRIs, OCIs can save up to Rs 20,500 on $10,000 FD investmentNRIs can significantly reduce tax on NRE deposits in India, as this income is tax-exempt. While NRO account interest is taxable in India, N...- NRE vs NRO: One account can make your interest tax-free, the other can attract over 30% TDSNRIs and OCIs can use NRE accounts for overseas income and NRO accounts for India-sourced income, but tax treatment differs sharply. NRE in...
- 12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...
- Australia's lower house passes bill for biggest overhaul of taxes in decadesAustralia's parliament has approved a major tax reform. The government is curbing tax breaks for property investors to boost housing afford...
- India’s 'China-plus-one' push needs tax ease and fast-track FTAs with developed nations: Arvind VirmaniIndia must reform its tax system and streamline clearances to attract global investments moving away from China. Economist Arvind Virmani e...
- Need over ₹2 crore for foreign education? From scholarships to SIPs - know the smart ways parents can plan for expensive foreign degreesThe escalating cost of foreign education, often underestimated by Indian parents, necessitates early financial planning. Beyond tuition, ac...
- Charting the global economy: US job growth exceeds projectionsUS employers added more jobs than expected for a second month. Germany's industrial output declined again. Australia's central bank raised ...
- Rs 40 LPA salary, Rs 50,000 for living expenses: Chennai woman compares life in India vs Sweden. ‘If you want work-life balance…’A Chennai woman living in Sweden shares a stark comparison of life in India and Sweden. She details monthly expenses for a family of three ...
- Oil shock will hit Asia harder than the 1970sAsia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...
- Australia moves to tax Meta, Google and TikTok to fund newsroomsAustralia plans to tax Meta, Google, and TikTok. This aims to fund news reporters. The government will introduce legislation by July 2. Pla...
- Trump's 'gold card' visa starting at $1 million granted to just 1 person so far, White House saysPresident Donald Trump's 'gold card' visa program, requiring a $1 million investment for legal U.S. residency, has seen one approval. Comme...
- India received highest number of regressive tax recommendations from IMF: OxfamAn Oxfam report highlights the International Monetary Fund's (IMF) tax advice. India received the most regressive recommendations between 2...
- Income Tax rise surpasses wage growth as rates and inflation hit working Australians, says ATO dataAustralian Taxation Office data revealed that many working Australians experienced faster tax bill increases than wage growth in the 2022-2...
- Income Tax filing: The three biggest challenges for NRIs when filing their taxesIndia now boasts the largest overseas diaspora globally, with around 32 million Non-Resident Indians (NRIs) and Overseas Citizens of India ...
- IT companies laud move to end double taxation issue with AustraliaIndia and Australia on Saturday signed an Economic Cooperation and Trade Agreement (ECTA) that seeks to nearly double bilateral trade in th...
- Tax treaties under scanner as Australia court says Tech Mahindra to be taxedTech Mahindra's services were partly performed by employees in Australia and partly by its India staff.
- No tax on transfer of intangible assets in SABMiller-Foster's transaction: Delhi HCIn a landmark order, the court held that the income from the transfer of right, title or interest in Foster's intellectual property wasn't ...
- Australia may have a 'millionaires' tax' soonThe rich in Australia may soon be forced to pay "millionaires' tax" with the country's powerful trade union calling the govt to slap such a...
- SC rejects Foster's special leave plea against AAR orderThe apex court asked Foster's Australia why it did not move the high court before filing the SLP.
- Foster's liable to pay tax on brand transfer to SabMiller: AARFoster's Australia Ltd will have to pay tax on its income from transfer of the Foster's brand and its trademarks in India to UK-based SABMi...
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