“1. The Ld. CIT (A) has erred in law and on facts of the case in confirming the action of the Ld. AO in disallowing exemption of Rs.10,67,766/- u/s. 11 of the Act.

Taxpayers who proactively disclose their previously unreported income often receive more lenient treatment from the IRS ...

Santosh S/o Domaji Bhandarkar, a proprietor of a business providing manpower and security services, approached the Bombay High Court challenging the rejection of his application under the Sabka ...

Originally set to kick off at the beginning of 2022, the IRS planned to implement a new reporting rule that would require ...

G etting your taxes done early can significantly reduce the stress associated with the big day. Though Tax Day isn't until ...

The top Brazilian financial regulator has announced a plan to reform the nation’s crypto tax laws. Find ouy more!

2019. If John wants to continue using the life-expectancy method, then he will have to pay the IRS an excise tax of $5,000 (the tax was 50% in the years before 2023) and must file Form 5329.

Gemfields has become aware that a new statutory instrument in Zambia dated 30 December 2024 and which came into effect on 1 (S ...

Tee Siew Gim is the fourth undertaker to be prosecuted for tax offences since IRAS started investigating the funeral industry ...

If your divorce decree was finalized before January 1, 2019, you are required to report alimony or alimony payments you ...

The Income Tax Department has introduced a new feature ... The department has confirmed that updated utilities for ITR forms 2 and 3, with the ability to claim the Section 87A rebate, will be ...

This could be a sign that you’re having too much tax withheld from your paycheck and living on less of your earnings all year. You can use Form W-4 to reduce your withholding easily now so you ...