Understand the income tax implications of Diwali gifts from vendors (electronics, vouchers), whether GST is included in stamp ...

Generally, couples who file jointly get more tax breaks. But there are plenty of reasons to file separately, depending on ...

The ITAT ruled against mechanically confirming a large addition under Section 69C, stating that tax authorities must genuinely distinguish between procedural discrepancies and fraudulent inflation.

One such form that caters to these unique entities is the ITR-5 form. Specifically designed for businesses, firms, LLPs ...

The Black Money Act mandates Indian residents to disclose foreign income and assets, imposes heavy penalties for non-disclosure, and has no time limit, emphasizing transparency and compliance with ...

Inheritance Funding reports the average estate settlement takes 6-12 months, but debts and disputes can extend the process to years. Best practices can aid efficiency.

Understanding set-off and carry forward of losses can help you optimise tax payments and manage your finances better.

Application of the public policy doctrine is not limited to where a criminally convicted person directly pays a fine or ...

William Christopher Womack, owner of InTents Services LLC, admitted to underreporting his earnings from 2019 to 2021 while collecting Social Security payments.

Taxpayers are eligible to receive an inflation refund check for the tax year 2023 if they filed form IT-201, the New York ...

The post Millions Of New Yorkers Begin Receiving Inflation Refund Checks — Here’s How Much Residents Are Getting Back ...

On a plain reading of the statutory provisions, there exists no express bar either in Section 87A or Section 111A for denial ...