Adv. Sachin P. Kumar successfully represented his client in Foreign Tax Credit dispute before the Income Tax Appellate ...

However, the Centralized Processing Center (CPC), Bangalore, denied the foreign tax credit on the ground that Form No. 67 was not filed within the prescribed due date. The NFAC upheld this decision, ...

In fact, in the last five years, the number of nil returns has increased each year. As per the data, the number of nil ...

The average borrower's monthly bill could swell to $288 from $95, according to an early estimate by the Institute for College ...

Gross profit for the second quarter of fiscal 2025 was $54.6 million, or 80.5% of revenue, compared to $40.6 million, or 78.6% of revenue, for the same period in fiscal 2024. The increase in gross ...

One the critical aspects of this has been Section 87A of the Income Tax Act,1961. What exactly is section ... now updated the Excel utilities for ITR Forms 2 and 3 to utilise the option to update ...

Reentering the workforce after having officially retired from it can raise a host of financial planning questions, especially for individuals whose main motivation for “unretiring” is economic.

This means that such deposit holders may not need to file self-declaration forms (Form 15(H)) annually ... a new Section-285BAA under the Income Tax Act of 1961, which makes it mandatory for ...

Section 139(8A) of the Act pertains to the ... year 70% of aggregate of tax and interest payable on additional income disclosed in the updated ITR Download Form ITR-U from the Income Tax ...

Zooey Liao/CNET; Mykola Sosiukin/EyeEm via Getty It's tax season, and if you've received an unfamiliar income form this year ... The Tax Cuts and Jobs Act of 2017 added a new section to ...

An "enhanced" version of the IRS' Direct File program launched this year, with availability in roughly twice as many states as last year.

The income tax deadline is April 15 for most taxpayers. But taxpayers in Florida, North Carolina, and other areas hit by ...