ITAT Delhi held that addition made under section 153A of the Income Tax Act are bad-in-law in absence of any incriminating material found during the course of search. Accordingly, assessment order ...

ITAT Pune held that application of cash received from unrecorded cash sales needs verification since assessee claims that it is applied for giving advance to the farmers for purchase of raw material ...

This amount is not included in income. This is an amount you transferred to purchase an Advanced Life Deferred Annuity (ALDA). Do not report the amount on your return and do not claim a deduction for ...

The preparations for the filing of Income Tax Returns (ITR) for Assessment year 2025-26 are under way now. To manage the same efficiently, individual taxpayers are collecting the relevant ...

HIPS offers a high dividend yield of 10.8% and monthly distributions, making it attractive for income-focused investors, ...

Q3 net investment income per share fell from the prior quarter and a year ago as total interest income also declined. Both ...

Capital loss on share buybacks will be allowed if corresponding dividend income is disclosed as “Income from Other Sources,” effective from October 1, 2024. The threshold for reporting assets ...

Rather than filing away your paperwork and forgetting about it, this CPA recommends using it as a source of insight to ...

(That’s a personal opinion.) Fixed income asset class returns have been tough long since 2021 and really since 2022. However, eventually I do think the fed funds rate can be cut to 2.75% – 3% ...

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements ...