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 ...

The applicability, rate and concept of depreciation vary between Companies Act and Income Tax Act in India. Under the Income Tax Act, an assessee has to fulfill the following conditions to claim ...

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 ...

Your farming profit or loss is then transferred to a Form 1040 for computing your total tax liability. Schedule F is to ... equipment expenses and depreciation, insurance expenses, taxes ...

Analysts suggest that this shift would mark a departure from China’s longstanding policy of maintaining currency stability and could lead to a depreciation of the yuan to approximately 7.5 per ...

However, he expects a controlled, gradual adjustment of the yuan rather than a sharp, unchecked depreciation that could destabilise financial markets. The Chinese currency has depreciated for 10 ...

But manufacturers have reacted by raising new car prices in the UK. 'Historically, vehicle depreciation has been relatively flat but today the strongest level of depreciation is over the benchmark ...

If you are self-employed, that deadline also applies to 1099 forms. Here are some of the most common tax forms you may need to gather. Note that if you have a working spouse and you’re filing ...

Expenses like a home office, car, insurance, and even your education bills could get you a big tax break Fact checked by ...

Do you own rental property? Besides the potential for regular income and potential capital gains, real estate investments ...