In the recent ruling ITAT held that deduction u/s 54B would not be applicable in case land was not used for agricultural purposes in two years preceding date of transfer.

The Carbonell Awards, South Florida’s Theatre & Arts Honors has reminded college-bound high school students that the nonprofit organization is now accepting applications for its 2025 Jack Zink ...

A guaranteed installment agreement is available and must be accepted by the IRS if an individual has a tax liability of $10,000 or less, not including penalties and interest. To get the guaranteed ...

Luka Doncic has officially joined the Lakers after the Dallas Mavericks sent the superstar scorer to Los Angeles in a seismic ...

New Tax Regime: Initially, the new tax regime offered no standard deduction, but that changed in 2023 with the introduction of a Rs 50,000 standard deduction. In 2024, this was increased to Rs ...

As of Jan. 1, 2023, business owners taking clients out to eat had to consider going Dutch. The business lunch deduction reverted to the pre-pandemic 50% in 2023. The Taxpayer Certainty and ...

In his first presidency Trump complained about the deal but accepted it. The Home Affairs department said in August that 1106 refugees had been able to resettle in the United States under the ...

Erin Paré, a Holly Springs Republican who was recently appointed a chair of the House Appropriations Committee, filed this bill to allow for a state income tax deduction for gambling ... University ...

There are many valuable self-employment tax deductions for freelancers, contractors and other self-employed people who work for themselves. Here are 15 big ones to remember. Federal: $39 to $89.