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Income Tax Return Exemption
Income Tax Return Exemption -
Income Exemption Threshold IET An individual who was resident in Mauritius in the income year ended 30 June 2021 is entitled for the purpose of calculating his chargeable income to claim a deduction in respect of Income Exemption Threshold Category A B C D or E as applicable to him
INCOME TAX RETURN Individual taxpayers have the option to file a Standard tax return or Presumptive tax return or Simplified tax return depending on the types of income and having satisfied certain conditions laid down for each return type All self employed individuals are required to submit an income tax return
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Income Tax Return Exemption For Certain Senior Citizens And NRIs Finds
Income Tax Return Exemption For Certain Senior Citizens And NRIs Finds
Income Tax Returns for individuals An individual who is in receipt of emoluments pension or deriving income from trade business profession agriculture rents and other sources should fill in a return of income if he is registered at the MRA i e has been allocated a Tax Account Number
Find out if you have to file a federal income tax return and why it may pay you to file even if you don t have to
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The Process Of Filling ITR Will Start Soon
The Process Of Filling ITR Will Start Soon
Certificate of Tax Exemption or CTE is issued to individuals or organizations who are exempt from tax Exemption from taxation as the name suggests is when certain individuals organizations or institutions are free from taxes due to privileges granted by legislative grace
Exempt income Exempt income is income that you don t pay tax on that is it s tax free You may still need to include this income in your tax return for use in other tax calculations Examples of exempt income can include some government pensions and payments including the invalidity pension some education payments
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Exemption From The Obligation To Submit An Income Tax Return
Latest Income Tax Slab Rates For FY 2021 22 AY 2022 23 If You Are
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https://eservices.mra.mu
INCOME TAX RETURN Individual taxpayers have the option to file a Standard tax return or Presumptive tax return or Simplified tax return depending on the types of income and having satisfied certain conditions laid down for each return type All self employed individuals are required to submit an income tax return
https://www.mra.mu/index.php/taxes-duties/corporate-taxation
All companies deriving gross income and exempt income have the legal obligation to file annual returns and pay tax electronically Failure to file electronic returns carries a penalty of 20 of the tax payable maximum Rs 100 000 or Rs 5000 where no tax liability is declared in the return
INCOME TAX RETURN Individual taxpayers have the option to file a Standard tax return or Presumptive tax return or Simplified tax return depending on the types of income and having satisfied certain conditions laid down for each return type All self employed individuals are required to submit an income tax return
All companies deriving gross income and exempt income have the legal obligation to file annual returns and pay tax electronically Failure to file electronic returns carries a penalty of 20 of the tax payable maximum Rs 100 000 or Rs 5000 where no tax liability is declared in the return
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