Gifting mutual fund units requires following specific procedures, unlike other assets. Units must be in demat form to ...

The House of Representatives is moving along on a bill that would extend many cuts in the tax law passed during President ...

House Republicans have proposed a $1,000 federally funded savings account for children under 8 to boost long-term financial ...

A proposed investment account for American children in the massive spending and tax bill proposed by House Republicans would do little to meaningfully reduce the financial pressures that parents face ...

So-called MAGA accounts would do little to provide immediate financial relief to families and could worsen wealth inequality, ...

House Republicans want to set aside up to $5 billion a year for scholarships to help families send their children to private ...

New Delhi: The income tax department has notified ITR forms 1 and 4 for assessment year (AY) 2025-26 that are to be filed by individuals and entities with total income of up to Rs 50 lakh a year. Now, ...

The online portal is expected to open within a few days — with the Central Board of Direct Taxes notifying various ITR forms. Taxpayers can only start filing their returns once the Income Tax ...

How to deal with an overpayment of VAT output tax. A number overpayments of Output Tax (£500,000 ... We have notified HMRC and completed VAT form 652 who have agreed to refund the £500,000 and we will ...

Sarkeet will make its theatrical debut on May 8. The trailer begins by introducing a young boy (portrayed by child artist Orhan) who appears to be hyperactive and short-tempered which makes it ...

Salaried individuals who file income tax returns annually should take note of key changes introduced by the Income Tax Department in the format of Form 16—the document that outlines salary, tax ...

every year should be aware that the tax department has introduced some changes in the format of Form 16 related to tax deduction and perquisites. The changes effected in the Form 16 format will ...