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Second quarter 2022 earnings released: EPS ₹3.92 (vs ₹2.13 in 2Q 2021) Profit margin: 16\% (up from 14\% in 2Q 2021). Over the last 3 years on average, earnings per share has fallen by 19\% per year but the company’s share price has increased by 63\% per year, which means it is well ahead of earnings.
NIIT Limited (NSE: NIITLTD) As on 28th Dec 2021 NIITLTD Share Price closed @ 481.10 and we RECOMMEND Strong Buy for LONG-TERM with Stoploss of 273.40 & Strong Buy for SHORT-TERM with Stoploss of 373.33 we also expect STOCK to react on Following IMPORTANT LEVELS.
What does the NIIT not apply to?
The NIIT doesn’t apply to certain types of income that taxpayers can exclude for regular income tax purposes such as tax-exempt state or municipal bond interest, Veterans Administration benefits, or gain from the sale of a principal residence on that portion that’s excluded for income tax purposes.
What is the net investment income tax (NIIT)?
Created as part of the Health Care and Education Reconciliation Act to fund healthcare reform in 2010, the net investment income tax (NIIT) is a 3.8\% surtax that typically applies only to high earners with considerable investment income. Who Pays the Net Investment Income Tax?
Do I need a financial advisor for NIIT?
For help with this and any other tax issues, consider working with a financial advisor. The net investment income tax, or NIIT, is an IRS tax related to the net investment income of certain individuals, estates and trusts.
How do I report NIIT on my tax return?
Reporting NIIT Compute the tax on Form 8960, Net Investment Income Tax—Individuals, Estates, and Trusts. Individuals report this tax on Form 1040, U.S. Individual Income Tax Return or Form 1040-SR, U.S. Tax Return for Seniors; Estates and trusts report this tax on Form 1041, U.S. Income Tax Return for Estates and Trusts.