ITAT Mumbai held that the cash deposited is out of the gross receipts and that once gross receipts are disputed then no addition is sustainable under section 68 of the Income Tax Act. Accordingly, ...

Polling suggests no taxes on tips is a popular idea across party lines, but critics say the proposal will benefit few ...

Senior citizens in India often rely on fixed deposits (FDs) for secure and predictable returns. With higher FD rates offered ...

Amid rising costs, if you’re worried about funding your child’s education, here are a few simple tips on saving, investing ...

While higher interest rates have certainly made paying off mortgages or other loans more difficult ... savings account with a high interest rate is to open a cash Isa - as no money held in Isa ...

Representative Image IndusInd Bank and Kotak Mahindra Bank, two leading banks of the private sector, have revised their interest rates on fixed deposits- former increasing the interest rate while ...

While other banks like SBI and HDFC have also cut FD rates this month. From liquid funds to sweep-in FDs, here are a few short-term options for you to invest your money in With bank savings account ...

To help you find the best financial products, we compare the offerings of major institutions, including banks ... savings plan (RRSP), when to file and so much more. These are your 2024 income tax ...

Once you have a savings account, don't forget that you'll need to report your interest as taxable income to the Internal Revenue Service when you're filing your tax ... banks may have more ways ...

Fortunately, many banks and financial institutions advertise no ... in interest in a high-yield savings account in 2024, you’ll need to pay taxes on that interest when you file your 2024 income ...

Its health savings account has no minimum ... on a pre-tax basis, lowering taxable income. The money grows tax-deferred, which means that participants don’t pay taxes on the interest and gains ...