What is the IRS three-year rule and how does it affect your taxes?
The three-year rule could play a role in your ability to claim tax money that you're owed by the IRS. Pamela Albin Moore/ .
Mississippi Lt. Gov. Hosemann unveils $326 million ‘sustainable, cautious’ tax cut plan
Republican Lt. Gov. Delbert Hosemann on Wednesday unveiled a $326 million tax cut package that reduces the state income tax ...
Income-Tax Bill 2025: What does the new bill say about PAN-Aadhaar rules?
Under the new bill, individuals who are eligible to obtain an Aadhaar number must provide it when applying for a PAN and ...
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New Income Tax Bill 2025: Higher Exemptions, Simpler Rules, Easier Tax Filing – Here’s What Changes For You
Finance Minister Nirmala Sitharaman introduced the much-anticipated Income Tax Bill 2025 in the Lok Sabha on February 13. The ...
Canada5d
Income tax rates for individuals
These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...
Tax Guru7d
Section 14A disallowance not includible in book profits in terms of Section 115JB
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 ...
Tax Guru11d
No TDS u/s 194H as amount retained by e-commerce platforms were service fees and not commissions
Assessee was not liable to deduct TDS under section 194H as relationship between e-commerce platform and assessee was not of an agency but that of two independent parties on principal to principal ...
Bar & Bench14d
Tax on income from house property to be levied basis who derived benefit from property: Delhi High Court
The Delhi High Court recently held that tax liability on income from house property should be affixed to a person who actually derives the income and not on a person who was merely a signatory to a ...
Indiatimes17d
Salaried employee can end up paying income tax on 14 months salary on job switch: Relief urged in Budget 2025
Under the Income-tax Act, salary income is taxed on a "due or receipt" basis, whichever comes first. Section 15 of the Income-tax Act imposes the charge when salary becomes due, whether paid or not.
USA Today18d
Tax season opens! Do you have to file taxes? Why you may want to even if you don't.
Depending on your age and filing status, the IRS has minimum income thresholds that determine whether you must file a tax return. Here are the breakdowns: $29,200 if both spouses are younger ...
Investopedia20d
Ordinary Income: What It Is and How It’s Taxed
FreshSplash / Getty Images Ordinary income is income earned by an entity or an individual that is taxable at marginal tax rates. It can include wages, salaries, tips, bonuses, commissions ...
The Financial Express23d
Delhi wary as Trump pulls out Pillar-2 tax deal
The upcoming months will likely see a clash of ideologies that will define the future of diversity efforts for years to come. US President Donald Trump through an executive order declared on ...