ITO before ITAT Mumbai focused on the disallowance of exemption under Section 54 of the Income Tax Act, 1961. The assessee had sold a residential property and reinvested in four new flats in the same ...

Fourth quarter 2024 revenue of $1.419 billion up 7%, with 9% local currency revenue growth, despite weaker U.S. hiring and mortgage markets. Fourth quarter U.S. Mortgage ...

Kolkata has remanded the case of Anup Nayak vs. CIT (Appeals) for reassessment after a ₹12 lakh disallowance under Section 40(a)(ia) of the Income Tax Act. The dispute arose when the Assessing Officer ...

The introduction of the Parental Choice Tax Credit in Oklahoma last year marks a pivotal moment in the state's educational ...

Did you know personal loans can offer tax benefits? If used for home construction, business, or education, you may be ...

Here's what to know about tax due dates, hunting down your refund, relief programs and more. Start the day smarter. Get all ...

What is the Earned Income Tax ... you file your tax return by April 18, 2025 For 2020, if you file your tax return by May 17, 2024 To file a prior year return complete and file Form 1040 and ...

Eligible Kentuckians can potentially save money in 2025 this tax season by submitting their documents through the IRS' Free File program.

Budget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new ...

W-2 forms should have arrived in mailboxes and inboxes by Jan. 31. Here's why you need that form for the 2025 tax season and ...

Delhi Police has arrested three Bangladeshi nationals for residing in India using forged Indian passports and Aadhaar cards, officials said on Saturday. A crackdown on illegal foreign nationals led to ...

As per the Income Tax Act, 1961, it is mandatory to file an Income Tax Return (ITR) if your taxable income is more than the ...