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

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 ...

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

Delhi Bench, has delivered a split verdict on appeals filed by NIIT Ltd. concerning its assessment for the Assessment Year 2009-10. In a significant decision regarding the treatment of finance lease ...

With current cost of living demands, the inflation hangover of the COVID-19 era and the ongoing economic uncertainty ...

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

Social Security plays a big role in many Americans' retirement security. In fact, 40% of Americans ages 65 and older rely on ...

However, in the process of entering multiple details, many taxpayers may overlook certain deductions that could reduce their total tax ... of the Income Tax Act, 1961. It allows taxpayers to correct ...

If you disagree with the county’s take on the value of your property, file a protest petition with the assessor’s office no ...