In the appeal of the revenue, the AO is aggrieved with deletion of addition u/s. 68 by CIT (A) by admission of the additional evidence without giving proper opportunity to the AO & in clear violation ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Vikki Velasquez is a researcher and writer who has managed, coordinated, and directed ...

Achieve explains how understanding your DTI can give you an important edge when you’re looking for a home equity loan or ...

The House Republicans’ budget bill calls for a bigger 199A deduction for qualified business income. If enacted, here’s who ...

Employees retiring just before their annual increment will now get a notional hike for pension, no arrears, but a big win for ...

Answering a reference, the Supreme Court held that deductions under Sections 80-IA/80-IB of the Income Tax Act need not ...

One more benefit of utilising an FD calculator is knowing the tax effect on returns. Interest accrued on fixed deposits is ...

The Allworth Advice is not to panic. Your father's debts are not your debts. We would also recommend making sure his estate's ...

7. He submitted that out of total CSR expenses, sum amounting to Rs.16,80,000/- was eligible for deduction under section 80G ...

This means that only income taxed at the standard slab rates, such as salary or business income ... gains from the rebate calculation may result in a higher tax liability, and thus, they may ...

Justice Amin remarked that calculation of tax is on the basis of the formula given in Section 4B of the Income Tax Ordinance. Makhdoom said generally the income of a person is his total gain minus ...

It doesn't matter if they are connected with his/her business or profession or not ... Deposit certificates issued under the Gold Monetisation Scheme, 2015. The Section 10 of Income Tax Act lists out ...