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Tax Guru1d
Foreign Tax Credit for Indian Residents: Complete Guide for Claiming FTC
1. Foreign Tax Credit (FTC) is a mechanism to provide relief to the taxpayers to claim credit in India for the taxes paid in overseas country on the doubly taxed overseas sourced income (i.e., taxed ...
I am paying monthly rent more than Rs 50,000. Should I deduct TDS monthly or once yearly?
IB, individuals or HUFs (not liable for tax audit) are required to deduct 2% TDS only “once” - at the time of paying the rent ...
Tax Guru6d
ITAT Remits Appeal Dismissed for Alleged Delay, Directs Fresh Adjudication by CIT(A)
Additionally, she had paid the appeal filing fees within the 30-day timeframe, which was evidenced by the challan dated 25.01.2017. She claimed that the dismissal without considering her explanation ...
Newspoint on MSN6d
These 5 government apps will make many tasks easy; if they are not installed on the phone, then download them immediately.
Mobile phones have become an important part of our life. Today they are not only being used for calling, but they also have a ...
Income tax filing 2025: THESE are the changes introduced in ITR forms this year. Check list here
While filing ITR-1 and ITR-4, taxpayers can now file returns even with long term capital gains under sections 112A (up to ...
Mint3d
Income tax filing 2025: THESE are the changes introduced in ITR forms this year. Check list here
Central Board of Direct Taxes (CBDT) has notified income tax return (ITR) forms for e-filing income tax returns in FY 2024-25. These are the myriad changes which the income tax department has ...
Business Recorder6d
Agri income tax: really, are we serious? – II
The rate of tax on income was similar in both the provinces with 15 percent of income for income exceeding Rs 4.8 million. In the amended law of Sindh this minimum tax being tax based on land has ...
Mint6d
Top 5 mistakes to avoid while filing your income tax return in 2025-26
The preparations for the filing of Income Tax Returns (ITR) for Assessment year 2025-26 are under way now. To manage the same efficiently, individual taxpayers are collecting the relevant ...
WBAL-TV4d
Baltimore works to fill gaps amid lower income tax revenue projections, federal layoffs
INCOME TAX MAKES UP NEARLY 20% OF THE CITY’S BUDGET, AND CITY LEADERS HAVE NOT HAVE ELECTED NOT TO RAISE INCOME TAXES ON RESIDENTS IN THE YEAR AHEAD. BUT SINCE THE BUDGET WAS FIRST PRESENTED IN ...
The Financial Express4d
Income Tax Department notifies ITR forms 1, 2, 3, 4 and 5 – Which one should taxpayers use?
The income-tax department has made significant changes to the ITR forms. (Freepik) Taxpayers can now file their returns for the recently concluded financial year using several forms notified ...
Forbes5d
Tax Strategies Most High-Income Earners Overlook (Until It’s Too Late)
Meredith Moore is the Founder & CEO of Artisan Financial Strategies LLC. She is fascinated by the interplay between gender, money and power. Tax season often feels like a sprint to the finish line ...
katc3d
Bill changing personal income tax moving through the legislature
BATON ROUGE–The House of Representatives voted 86-13 Wednesday to approve a bill that might further cut the state’s new flat individual income tax rate and create a tax break for seniors ...