If you earn rental income, you must report this on your taxes. This is true whether you have an extensive rental business ...

The Income Tax Appellate Tribunal has ruled in favour of Indus Towers Ltd. in various matters, including denial of depreciation on assets received through merger. The ruling helped the company reduce ...

It is mandatory for Indian residents to disclose their foreign assets and income in their Income Tax Return (ITR). Specifically, Schedule FA (Foreign Assets) in the ITR form is meant for reporting ...

Normally, depreciation for financial statements is calculated under the straight-line method or written down value method. However, for income tax purposes, depreciation can be claimed in a different ...