Gratuity for government employees is tax-free; however, it is taxable for private employees if the amount is more than Rs 20 lakh.

Since the last date, or the surviving time, for issuing a valid notice under Section 148 for this specific case was June 17, 2022 and the actual notice was issued on August 24, 2022, it was clearly ...

The National Board of Revenue (NBR) has issued a special order regarding the submission of income tax returns online.

Up to 85% of your Social Security benefits may be taxed, but a new "senior deduction" can cut taxes—unless your income is too ...

Shadow Chancellor Rachel Reeves warned of “harder” fiscal choices ahead of Labour’s Autumn Budget on 26 November. With rising borrowing and economic pressures, the Treasury may consider VAT, property, ...

Editor: On behalf of Northwest WA Civic Circle, I want to thank the seven candidates that chose to participate in our ...

Mortgage Research Center. The average rate on a 15-year mortgage refinance is 5.46%. On a 20-year mortgage refinance, the ...

This caused a sales surge before a projected fall. Automakers are now slowing production and shifting resources to gasoline ...

Gifting property—such as a flat or house—between husband and wife is legally valid under India’s income tax laws. At first ...

Invoice management is the process of tracking and paying invoices—learn how to streamline it, reduce errors, and save time in ...

NUV offers tax-free income with a focus on long tenor, high credit quality municipal bonds and no leverage. Read why NUV CEF ...

ITAT Ahmedabad held that law doesn’t require brought forward additional depreciation from preceding year to be set off against opening WDV of the assets. Thus, revision u/s. 263 of the Income Tax Act ...