The decision underscores that ignoring audited disclosures, ledgers, and salary records violates principles of natural justice. Once actual payment is proved, gratuity deduction must be ...

ITAT Pune held that penalty not leviable under section 270A of the Income Tax Act since show cause notice failed to specify ...

As retirement planning evolves, financial professionals are increasingly turning to discretionary products to optimise post-retirement income strategies. These solutions offer a powerful blend of ...

Zomato CEO Deepinder Goyal shared a fact sheet detailing the average income of the company's delivery partners, among other details, following a recent exchange with popular YouTuber Dhruv Rathee on X ...

Filing taxes can be daunting, even overwhelming. Whether you file with help from a professional or on your own, calculating precisely what you owe to the Internal Revenue Service, or what the IRS owes ...

The income tax notices suggest that the assessment of income tax returns and the release of refunds have been paused for these categories of taxpayers. (AI image) A December 23 release from the Income ...

Income Tax Refund Status Highlights: Check guide to help you check your ITR status online in just a few simple steps.(Pexels) Income Tax Refund Status Highlights: The Income Tax (I-T) Department has ...

Amid October headlines about the government shutdown, the IRS made a significant announcement without much fanfare: new tax brackets that will impact every taxpayer in the country (1). Changes to ...

The original cost of acquisition of shares of Allahabad Bank, which was acquired by you during 2013 was ₹72,800 (700 shares* ₹104 per share). Later, in 2020, Allahabad Bank got merged with Indian Bank ...

If you receive Social Security benefits, keep in mind that you likely need to pay taxes on that money. Like many parts of the tax code, it can be complicated to figure out whether – and how much – you ...

For the successful individual investor, generating returns is only half the battle. The other, often more challenging, half is keeping as much of that return as possible from the taxman. This is where ...

Senate and House budget chiefs Sen. Michael Rodrigues and Rep. Aaron Michlewitz at a hearing in February 2020. (Sam Doran/SHNS File) Editor's Note: This is an excerpt from WBUR's daily morning ...