The Income Tax Appellate Tribunal (ITAT) Delhi dismissed the Revenue’s appeal against GB Springs Private Limited concerning ...

This will increase the burden of compliance on the part of the assessees and simultaneously increase the burden of the Income Tax Department also in monitoring the same. Many firms do not have TAN and ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

Seven-figure Roth accounts seem impossible given their relatively young age and contribution limits...until you hear the rest ...

The appeal court ruling settles ... found Peter had owed nearly $150,000 in income tax when he died. The agency turned to a collections tool available under the Income Tax Act to try to get ...

You can withdraw money from the TFSA at any time, for any reason, with no tax consequences, and without affecting your eligibility for federal income-tested benefits and credits. You can use My ...

Grantor trusts are trusts in which the grantor controls all aspects of the trust and is responsible for reporting and paying taxes. If the income or deduction is part of a change in the principal ...

Protesters demanded the withdrawal of all increased taxes through a single notice, the cancellation of IMF contracts and the collection of “income tax” while enacting an “ordinance” against loan ...

Withdrawal of funds by Taxpayer ... an unauthorized loan and not embezzlement income, and (2) properly characterized as “other income,” not business income, the U.S. Tax Court held, upholding in part ...

The critical question is: Who has the right to tax income even if there’s no physical ... what an ideal corporate tax rate would look like. Under the TCJA, corporate tax rates came down.

The Delhi High Court has dismissed the appeal preferred by a Director of Income Tax under Section 19 of the Contempt of Courts Act, 1971.A division bench of Justices Chandra Dhari Singh and Manoj ...

The appeal court ruling settles a question that ... an assessment from the CRA found Peter had owed nearly $150,000 in income tax when he died. The agency turned to a collections tool available under ...