For salaried Indians, a higher income offers greater opportunities for saving and investing. However, understanding the tax ...

Tax season has officially kicked off, and while the deadline is a couple of months away, experts are saying this isn’t the ...

This bill is expected to be based on the Direct Tax Code (DTC), which aims to replace the existing Income Tax Act of 1961 and streamline tax ... Use our Income Tax Calculator and learn about Income ...

So far, statistical data seems to suggest that retail hopes are riding high, and smart money has not enhanced its exposure yet. Budgets usually witness a few days of number-crunching and reading the ...

“1] The Ld. CIT (A)/NFAC has erred in confirming an ex-parte assessment order u/s. 144 r.w.s. 147 of the Act determining ...

ITAT Patna held that addition towards unexplained income upheld since assessee failed to prove genuineness of transaction and creditworthiness. Accordingly, appeal dismissed and addition upheld.

Different capital assets — such as listed shares, mutual funds, tax-free bonds, debentures, unlisted shares, and real estate ...

The Social Security program undergoes a series of revisions each year to ensure benefit payments keep pace with inflation and wages. The latest round of revisions took effect in January, and a recent ...

Last year’s initial net farm income forecast showed the two largest ... also issued preliminary guidance on the 45Z tax ...

The Income Tax Calculator is a simple-to-use tool that is designed for all registered as well as unregistered e-filing users. It enables the users to calculate taxes according to the provisions of the ...

There’s a brilliant free edition, H&R Block Free, which offers Form 1040 filing, along with sorting child tax credits, earned income tax credit ... Form 1120 S. Tax Act does a nice line in ...

Payments to placement and employment agency workers – Agency that hires employees Yes Yes Yes Payments to placement and employment agency workers – Agency pays the worker Yes Yes No Payments to ...