A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...

The total number of individuals reporting zero taxable income in their ITRs is 4.90 crore in Assessment Year 2023-24, up from ...

Foreign income and assets have various components, such as Foreign Bank Accounts, Foreign Equity and Debt interest, financial ...

Conclusion: Despite late filing of Form 67, assessee deserved the credit for taxes paid in Nepal since the provisions of DTAA (in this case DTAA with Nepal) had an overriding effect over other ...

Dissolving an LLC removes the business entity's legal status with the state. This often occurs when the business owner ...

Tax pros don't expect big changes for the coming filing season — but they're already worrying about the one after that ...

ITAT Surat held that the Fixed Deposits can be treated as stock-in-trade if it forms part of banking business. Further, held ...

Leading accountancy and business advisory firm Hazlewoods, which has recently opened a new office in Cardiff, is urging ...

CPAs need to be aware of current tax developments in key states to properly advise employers and clients doing business in ...

Changing jobs can bring new financial opportunities, but it also requires careful planning. Learn how to update your tax withholdings, manage your employee benefits, and make the most of your salary ...

Discover top tax deductions for self-employed individuals, including home office, travel, and equipment. Maximize your ...

GST aims to create a more efficient and transparent tax system while promoting economic growth and reducing the complexity of ...