Revenue, however, relied heavily on a statement of Mr. Stanley recorded u/s 131, wherein he vaguely admitted that the sheet contained sales of customers’ leftover items not reflected in tally accounts ...

From reporting correct information to avoiding under-reporting of income, there are a number of things which taxpayers need ...

An updated return, as outlined in sections 139(8A) and 140B of the Income Tax Act, offers taxpayers the opportunity to ...

Summary of the significant capital gains tax changes from the Finance Act 2024, effective July 23rd, including new holding periods, tax rates, and ...

Worried about inflation eating into your savings? While official CPI data suggests a moderate 1.55% in July 2025, it's ...

The Income Tax Department has officially rolled out the ITR-6 Excel Utility for the financial year 2024-25, enabling eligible ...

A low income client has received a P800 tax calculation from HMRC that doesn't make a lot of sense to me. Intrigued as to whether I've missed ...

Reporting equity capital gains while filing income tax returns is complex due to mandatory scrip-wise disclosure (especially ...

Hawley plan wants refundable tax credits of $600 per adult and dependent child, funded by tariff revenues. Credits would phase out for higher-income filers ...

THE FINE PRINT The SALT income tax deduction cap was increased to $40,000 in Trump’s bill. Should you take it? You can deduct your state and local taxes from your taxable federal income, but ...

Georgia moves closer to eliminating its state income tax, which will impact your paycheck and the state budget, but some critics disagree.

This means that the due date for 2024 state income tax returns is extended to December 3, 2025.