Form 16 is a certificate provided by your employer stating the amount of salary you received in a financial year and the ...

India's income tax filing season for Assessment Year (AY) 2025-26 (Financial Year 2024-25) is off to a rocky start, marked by ...

There is just no money left,’ says New Labour Treasury veteran who warns situation could be worse than 2008 financial crisis ...

Seeking shelter; please be Gentle; where the heart is; and other highlights of recent tax cases. The Internal Revenue Service ...

With a flurry of bill signings and vetoes, Gov. Greg Gianforte finalized Montana’s next two-year budget this week, striking ...

ITAT Mumbai held that interest on advance given to entity how became Non Performing Asset (NPA) cannot be brought to tax since the income is really not accrued to the assessee. Accordingly, addition ...

In the United States, taxpayers with annual incomes exceeding $200,000 face a higher risk of IRS audits. This threshold is not arbitrary; it reflects the complexity of high-income tax returns.

Social Security is a hot topic. I thought it would be interesting to see if President Trump and previous presidents collect ...

The 3.5% excise tax proposed in President Trump's One Big Beautiful Bill comes with wide-ranging implications for financial ...

Gifting out of surplus income allows you to pass on wealth free from tax provided that it forms part of a regular 'pattern of giving'. However, failing to properly record these regular gifts could ...

The version of the Republican megabill passed by the House last month includes a provision that ends an effort to get 1099-K ...

The gifts form has a section to claim the ‘expenditure out of income’ exception. This stipulates that you can gift as much as ...