SIMPLIFIED STUDY OFFICIAL

  *What Is a Tax Holiday?*  A tax holiday is a temporary tax break. In the United States, tax holidays often suspend state and local sales taxes paid by consumers. Governments also use tax holidays as investment incentives that may exempt a new plant from property taxes for a number of years, for example. ⚫A tax holiday is a governmental incentive that temporarily reduces or eliminates taxes for consumers or businesses. ⚫The objective of a tax holiday is to encourage economic activity and foster growth. ⚫Tax holidays may also be offered to businesses as an investment incentive. Tax Holidays in India Under Section 80 IAC of the Income Tax Act of 1961, a Startup acknowledged by the Department of Industry Policy & Promotion is eligible to request tax exemption for three consecutive financial years *What is Alternative Minimum Tax (AMT)?*  Alternative Minimum Tax India is an alternative taxation system in which the government levies an alternate tax on zero-tax or margina...

  *Deemed Incomes Under The Income Tax Act*  This article discussed deemed income under sections 68, 69, 69A, 69B, 69C and 69D. This includes Tax Treatment of Cash Credit, Unexplained investments, Unexplained money, Amount of investments not fully disclosed in books of account, Unexplained expenditure and Amount borrowed or repaid on hundi in cash. (i) *Cash Credits [Section 68]*  Where any sum is found credited in the books of an assessee maintained for any previous year and the assessee offers no explanation about the nature and source thereof or the explanation offered by him is not, in the opinion of Assessing Officer, satisfactory, the sum so credited may be charged to income-tax as the income of the assessee of that previous year. Such cash credits may be assessed either as business profits or an income from other sources. In the case of the business community, it is usually considered as business profit. It will be taxed in the year in which such cash credits are d...

 ● Global Investing  Easy Notes Global investing is an integral part of an investment strategies to build an optimum portfolio for achieving the best possible balance between risk and return .The strategy of selecting globally based investment instruments as part of an investment portfolio. So guys this is the meaning of global investment or investing now we will discuss the way to invest internationally for B.Com 4th sem this chapter that means this chapter is important for long answer type question that is for 15 marks or sometime this chapter contains 20 marks in exam. So let's discuss the ways to invest internationally that is important question and long answer type question for 15 marks. ●WAYS TO INVEST INTERNATIONALLY  So there are total six ways so that you can invest internationally by the way of mutual funds ,American depository receipts ,Global depositary receipts, Exchange traded fund that is also known as ETFs, stock trading on foreign market and the last days...