Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 ...

Volunteer work has been found to deliver numerous mental health, physical, and social advantages for retirees and there are ...

Explains the tax treatment and mandatory ITR disclosures for foreign ESOPs, highlighting the need to report shares annually and avoid ...

The assessee’s exemption under section 11 was initially denied as Form 10B was filed after the return. The court held that timely availability before assessment suffices. Key takeaway: Section 11 ...

Pension Deductions has designed an online calculator that allows professionals to estimate their potential contributions to a cash balance plan in seconds.

Taxpayers miss billions of dollars in credits for retirement savings contributions, lifetime learning costs and more.

If you experience a wash sale, the capital loss disallowed by the IRS is included in the cost basis of the replacement stock.

ITAT Ahmedabad rules that a charitable trust’s exemption under Sections 11 and 12 cannot be denied due to a technical mismatch in reporting new 12AB registration in the ITR. The substantive validity ...

For a critical sliver of the Republican majority, the impending expiration of what are called enhanced premium tax credits ...

Plus: Holiday parties, booze on the beltway, a proposal to end dual citizenships, Affordable Care Act subsidies, Trump ...

Incorrect Form 3CD reporting led CPC to treat rental income and capital gains as business income. The Tribunal ruled that such mismatches cannot justify additions without ...

RBI introduces a comprehensive framework mandating uniform, transparent, and non-negotiable interest rates for Payments Banks. The Directions clarify rules for savings deposits, prohibit inducements, ...