The new Income Tax bill will replace the existing Income Tax Act, 1961. The new bill is being brought to consolidate and ...

In respect to a property or its part held as stock-in-trade and not let wholly or partly at any time during the tax year, the ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...

The damaging impact of Rachel Reeves as Chancellor continues to be revealed in every nook and cranny of the economy.

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

The money expert shared crucial insights into how the Loan-To-Value (LTV) ratio directly affects UK mortgage costs - and why it's key to unlocking the best deals, in a video uploaded to X today.

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

There is a view that if the house is jointly funded, capital gains from sale of such a house, should be included in the ...

After inheriting land in 2003 and partitioning it in 2010, the sisters must determine the indexed cost for capital gains tax.

ITAT Surat observed that both the Assessing Officer (AO) and CIT (A) had passed ex-parte orders, leading to an unfair assessment process. The tribunal highlighted that the AO had directly added the ...