A small business advocate says a paid leave proposal in the Illinois Senate would be a direct tax on workers and employers. State Sen. Ram Villivalam, ...

is urging taxpayers to review their tax withholding to avoid unexpected tax bills or penalties when filing next year. Tax withholding refers to the amount of federal income tax withheld from your ...

The Central Excise and Service Tax Appellate Tribunal (CESTAT), Delhi, allowed the appeal filed by Northern Coalfields Limited (NCL) against the Commissioner’s order demanding service tax, interest, ...

We have updated to the latest version of Iris so we can make a start on the 24/25 tax returns and have noticed an error in personal tax. If you have a sole trader ...

David Kindness is a Certified Public Accountant (CPA) and an expert in the fields of financial accounting, corporate and individual tax planning and preparation, and investing and retirement planning.

The Income Tax Appellate Tribunal (ITAT ... However, the mode of computation of the exemption under Section 54 varies from that prescribed under Section 54F." "The exemption under Section 54 ...

The income tax dept imposed Rs 1.42 crore short term capital gains ... a residential house. However, the mode of computation of the exemption under Section 54 varies from that prescribed under Section ...

The government has officially abolished the 10% withholding tax on lottery winnings. This move applies to all forms of games of chance, including gaming, betting, lotto, and similar activities.

Seven suspected cases of fraudulent refund claims related to corporate withholding tax have been passed to the public prosecutor’s office since 2020, Finance Minister Gilles Roth has said. In certain ...

TCS relaxation for students and travellers The threshold for withholding tax collected at source (TCS) on overseas remittances through the liberalised remittance scheme (LRS) route has been hiked ...

Deferred Compensation is a financial arrangement whereby a portion of an employee's current wages are distributed at a later time, usually to delay tax liability. Deferred compensation often takes ...