A tax is a governmental assessment or charge upon the property value, transactions such as transfers and sales, licenses granting a right and/or income of a person or organization.
Due to phenomenal growth in international trade and commerce and increasing interactivity among the nations, residents of one country extend their sphere of business operations to other countries. Cross-country flow of capital, services and technology is the order of the day particularly after our country embarked on the path of globalization of economy.
This is generally defined as the imposition of comparable taxes …

This is another in my series of articles focusing on helping the writer get every possible tax benefit from writing. Becoming a successful writer can be expensive, don’t think just because you don’t make a profit you can’t write off your expenses. My last article focused on whether your writing expenses are deductible. The key to deductibility is whether you are carrying on a business or a hobby. Business expenses are deductible against your other non-writing income, hobby costs are not. If your writing activities have you in the red, …