Voluntary Disclosure Programme (VDP): If you have missed filings for previous years as well, check the LHDN website for ...

The CBDT has notified the ITR-2 form for FY2024-25, effective from April 1, 2025, which will be applicable to the majority of ...

ITAT Ahmedabad held that no disallowance under Section 43B of the Act can be made when deduction is not claimed in the profit and loss account [P&L account], and the liability is disclosed as a ...

The new financial year began on Apr. 1, and it’s time for the taxpayers to gather all documents to file the Income Tax Return ...

Backdoor Roth IRAs: If you exceed income limits for direct Roth IRA contributions, you can convert after-tax dollars into a ...

The old tax regime offers more deductions and exemptions compared to the new tax regime, making it a preferred choice for individuals who can take advantage of these benefits. Additionally, the Budget ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance ...

New tax regime revised slab rates which came into effect on April 1, 2025, made income up to Rs 12,00,000 tax-free for ...

This form is for the everyday salaried individual. If your total income is up to Rs. 50 Lakh and mostly comes from your job ...

Updated ITR forms 1 to 5 reflect Budget 2024 changes—from higher LTCG limits to stricter disclosure norms—ushering in a new ...

Find a company's periodic interest rate by dividing interest expense by total debt ... it's possible to calculate a company's overall interest rate from information found on its income statement ...