Another issue raised was whether disallowance under Section 14A should be added back to book profits under Section 115JB of the Act. The Tribunal noted that similar adjustments had been overturned in ...

In the recent ruling ITAT held that deduction u/s 54B would not be applicable in case land was not used for agricultural purposes in two years preceding date of transfer.

Whenever you send money to your wife every month under UPI or cash for household expenditure, you should be aware of certain income tax rules which may lead to sending you a notice for tax.

Tax on subsequent amount of 4 lakh (from 4 lakh to 8 lakh) Rs 20,000 (being 5% of Rs 4 lakh) Tax on subsequent amount of 4 lakh (from 8 lakh to 12 lakh) Rs 40,000/- (being 10% of Rs 4 lakh) Tax on ...

The Income Tax Bill, approved by the Cabinet on Friday, will not have any rate surprises. The bill is a major exercise in ...

Finance Minister Nirmala Sitharaman had announced in Budget 2025 that the new tax bill will be introduced during the ongoing ...

NEW. AT NOON THIS AFTERNOON, THE STATE BOARD OF EDUCATION FINALIZED RULES FOR A LAW THAT WOULD KEEP SOME BOOKS OUT OF CLASSROOMS. SF 496 REQUIRES SCHOOLS TO REMOVE BOOKS THAT CONTAIN DESCRIPTIONS ...

and having unreimbursed medical expenses that exceed a maximum of 7.5% of your adjusted gross income for the year. The Bottom Line The tax rules for 401(k) rollovers can be straightforward for ...

Liam Kippax says he's paid £2,500 in tax on his book, despite all the earnings going ... It said the funds raised by sales had been treated as income from self-employment, taxable at 40% due ...

While many of her contemporaries are playing canasta, she’s releasing her 25th book. There’s no mystery to it, Tyler says: Start on Page 1, then keep writing. By Elisabeth Egan In Callan ...

In “What Fell From the Sky,” by Adrianna Cuevas, and “Oasis,” by Guojing, the best examples of humanity aren’t necessarily human. By Donna Barba Higuera Gianni Rodari used puns, topsy ...