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.

If you lived in a northern or remote area for six months or more in 2024, you may qualify for the northern residents deductions. These deductions recognize the unique challenges northern residents ...

The IRS said it will focus on the wealthiest individuals and organizations this year. According to the IRS, an audit is ...

The IRS is always on the lookout for tax returns that just don't make sense. Making these five errors can increase the ...

As per the records of the Centralized Processing Cell (TDS), you have filed TDS Statement for 26Q, Quarter 2, F.Y. 2023-24; however, This TDS Statement has not been filed for Quarter 2 F.Y. 2024-25; ...

A Tri-Cities man pardoned by President Donald Trump for his role in the Jan. 6, 2021, U.S. Capitol riots will have to stand trial for his later charges for threatening lawmakers. U.S. District Court ...

The Income Tax Department keeps a close watch on the income coming under the purview of income tax and the details of the ...

Whether you will be "OK" in retirement will depend on expectations.Some can live comfortably on smaller incomes, while others ...

Navigating the complexities of tax returns can be daunting, especially with the looming fear of an IRS audit. However, the likelihood of being audited is relatively low.

A Dallas-area appeals court agreed to continue a pause on two ordinances that would limit the operation of short-term rentals ...

Nevertheless, there is no question that the research credit provides significant tax savings and should be considered by ...

Pernell Cezar’s coffee company, BLK & Bold, was operating out of the back of a brewery with three employees when he got his ...