The 2025 Act introduces compulsory tax audit for businesses declaring profits below 6% or 8% of turnover. The shift eliminates the earlier opt-out condition, expanding audit applicability from ...
Homebuyer gets tax penalty for not correctly calculating his tax exemption claim under Section 54F; ITAT Ahmedabad gives ...
The Madras High Court ruled that Section 54F of the Income Tax Act can cover multiple residential units purchased from capital gains, reversing the ITAT’s single-flat ...
The Income Tax Appellate Tribunal in Delhi has made waves with its recent ruling. Taxpayers can now benefit from capital gains tax exemptions when they sell Indian property to invest in international ...
Taxpayers juggling multiple capital gains events often face confusion on whether both Section 54 and Section 54F benefits can ...
EC bonds provide a tax-efficient option for long-term capital gains exemption through investment in government-backed bonds, enabling investors to save on taxes while meeting specific timelines and ...
In its Budget 2026 recommendations, PHDCCI seeks urgent measures to boost MSMEs, including tax exemptions on capital gains, 2 ...
The notice provides an optional interim simplified method of determining whether a corporation is an applicable corporation for purposes of the corporate AMT and relief from the Sec. 6655 penalty for ...
The Chancellor must plug a £50bn black hole in the nation’s public finances, with at least a 2p hike to the basic rate of income tax likely to be needed, a major economic think tank has warned. The ...
Federal Reserve data show earnings peak in the mid to late 40s and early 50s, then level off as retirement nears. Sara is an experienced writer, editor, and project manager who specializes in personal ...
Wasteful and ineffective use of taxpayer money by the Japanese government in fiscal 2024 totaled about ¥54.081 billion in 319 projects, according to a report the Board of Audit of Japan submitted to ...
HM Revenue and Customs (HMRC) is dispatching more than 200,000 letters to people who will be affected by changes to the tax system next year. Just five months remain until sole traders and landlords ...
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