19. Thus, it is abundantly clear that the impugned order passed by the ld. PCIT is in gross violation of the principles of natural justice, passed without considering the contentions of the assessee ...

This will likely be the case again in 2025, but watch for one issue in particular: bonus depreciation schedules that hide the true cost of the tax breaks. At a basic level, businesses pay taxes on ...

You can significantly reduce your taxable income and improve your financial health by leveraging commonly overlooked deductions.

they can utilize the new income tax calculator for FY 2024-25, which is user-friendly and can provide results in just a few simple steps.

Assessee filed its income tax return within the extended deadline set by the CBDT ... if Form 3AA is filed before the assessment proceedings culminated, then additional depreciation shall be allowed ...

Online tax software can make filing your 2024 return easy. These seven services cater best to employees, freelancers and side hustlers. Danni Santana has spent seven years as an editor and ...

Taking time to learn about key tax credits and deductions can help you save hundreds of dollars or more each year.

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We list the best tax software, to make it simple and easy ... Indeed, for businesses there’s the Premium edition, which delivers a speedy calculator-style system that issues useful estimates ...

On January 10, the US Treasury Department (Treasury) and the US Internal Revenue Service (IRS) released proposed regulations under Section 45W of ...

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently. This is very much needed given the ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...