If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Americans, Brits and other internationals have been left shocked after an Australian's tax return was shared online. Taxes ...

Government tax revenue surged by 29 per cent in January as another tranche of the Apple tax money and VAT receipts related to ...

ITAT Raipur held that exemption under section 11 and section 12 of the Income Tax Act not admissible to assessee society due to non-furnishing of return of income as required u/s. 12A (1) (b) of the ...

It’s easy to make child tax credit mistakes when filing your return. Here are common errors that could delay your refund.

The presentation of the Union Budget for 2025 comes at a critical juncture in tackling the cyclical decline. Out of all the ...

Highlights: FM Nirmala Sitharaman's announcement on February 1 brings a gift for the Indian middle class with no tax payable up to ₹12 lakh income.

First-time filers sometimes fall into the trap of believing that only full-time, permanent employees have to file and pay ...

Exceptions include relatively small amounts of Social Security receipts, especially if you don't have part-time job or other taxable income in the same year. Aside from inflation adjustments, there ...

IRS Form 1099-K could be in your future if you sold items via online marketplaces like eBay and Venmo. Here’s what you need ...

Sudden wealth can be overwhelming as well as exciting – a cool head and sound advice can mean the difference between ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...