The taxation rules for debt mutual funds have changed from April 1, 2023. Most of the common debt investment options are taxed at the income tax slabs applicable to their income. However, LTCG on this debt investment option is still taxed at 10%. Read on to know which debt investment is this.
It is the payer’s obligation to effect TDS on the taxable income of the non-resident and deposit the same with the income tax department. In case of non-compliance, the payer will be liable for penal consequences.
Esso Exploration and Production Guyana Limited (EEPGL)- ExxonMobil Guyana- in its financial statements for the year ending December 2022 listed the two percent royalty it is paying to Guyana as a company expense to develop the resources in the Stabroek Block.