ITR filing in December: Belated, Revised income tax returns vs ITR-U - know the difference & details
A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...
Trump’s Agenda: Taxes
In addition to extending the Tax Cuts and Jobs Act, one of his signature achievements in his first term, President-elect ...
LaHood’s Tax Bill: Residence-Based Tax For Americans Abroad
Rep. LaHood's new bill aims to replace U.S. citizenship-based taxation with residence-based taxation, easing burdens for ...
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Deadline to file belated, revised ITR for FY23-24 ends on Dec 31: Key details
A belated return is filed under Section 139(4) of the Income Tax Act if the original deadline is missed. Taxpayers filing ...
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Notice issued u/s. 148 after period of six years for AY 2015-16 is barred by limitation: ITAT Mumbai
ITAT Mumbai held that validity of notice issued under section 148 of the Income Tax Act for AY 2015-16 is six year which expires on 31.03.2022. Accordingly, notice issued on 29.07.2022 u/s. 148 is ...
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EXPLAINER | What EPFO data says about fresh hirings
Through an amendment in Budget 2021, the government sought to discourage subscribers from investing more than Rs 2.5 lakh per ...
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Tax Notes: Incentives of Registered Business Enterprises under the Create More Act
Republic Act (RA) 12066, otherwise known as the CREATE MORE Act, took effect after its publication. This lawis issued to ...
How footballers are impacted by UK tax regime amid end of domicile
The end of domicile within the UK tax system requires footballers and their advisers to rethink tried and tested tax planning ...
Income Tax: 5 key points to consider before submitting proof of investments to your employer
Employees are supposed to submit proof of their investment before the end of the calendar year in order to claim exemption in ...
CNET3d
Will We See More Tax Breaks Next Year? Who Benefits Under Trump's Tax Plan
New tax breaks and changes could boost paychecks and lower tax bills for many. Other tax credits could disappear.
D Gukesh returns to India as multi-millionaire, but hefty 42% income tax on prize money awaits world chess champion
Gukesh Dommaraju, India’s chess champion, returned home after winning the 2024 FIDE World Championship. He will receive ...
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Income Tax Update: Will there be any relief in Income Tax in the upcoming budget? Know which taxpayers can benefit the most..
There is not much time left for the next budget to be presented. Like every year, the next budget is likely to be presented ...