Learn key provisions of depreciation under Section 32, including eligibility, ownership, usage conditions, asset types, and ...

Contra accounts adjust asset values, like equipment depreciation reducing fixed assets. Increased allowance for doubtful accounts may signal rising uncollectable receivables. Companies use contra ...

The recently passed federal legislation known as the Big Beautiful Bill is expected to provide a bit of a bounty for Northeast Ohio’s real estate market. Experts and developers say provisions of the ...

The case of Heena Parthiv Thakkar vs. ADIT before the Income Tax Appellate Tribunal (ITAT) Ahmedabad centered on a dispute over depreciation and additional depreciation claims for the Assessment Year ...

Germany is set to become an attractive destination for investors again after more than two years of economic stagnation. This goal is being pursued with the German federal government’s immediate ...

Purchasing a car is a significant milestone for many individuals. However, it brings financial responsibility with convenience and comfort. With increasing instances of road accidents, unpredictable ...

UAE's Finance Ministry introduces Ministerial Decision No. 173/2025, enabling firms to deduct depreciation on investment properties measured at fair value, starting January 1, 2025. This allows up to ...

The UAE Ministry of Finance has introduced Ministerial Decision No. 173 of 2025, establishing clear rules for applying depreciation adjustments to investment properties held at fair value under the ...

Chancellor Friedrich Merz ’s €46 billion ($53 billion) package of tax breaks was approved by German upper-house lawmakers, the final legislative hurdle for the measures the ruling coalition hopes will ...

On May 22, the U.S. House of Representatives narrowly passed a comprehensive reconciliation bill, H.R. 1—called the One Big Beautiful Bill Act—that includes significant proposed tax changes and ...