Income tax

Haven't filed a tax return yet? Avoid these five mistakes New Delhi: Many taxpayers now file their income tax returns themselves. However, this often leads to…

Senator Jack Whitver (file photo) Iowa's top Senate Republican has said every taxpayer in Iowa should get an income tax cut, but Senate Majority Leader Jack Whitver of Ankeny said the ultimate goal should be to completely eliminate state…

An intentionally defective transferor trust (“IDGT”) can be beneficial for estate transfer and lower inheritance taxes. With an asset transfer to an IDGT, the settlor effectively removes these assets…

The income tax department has uncovered tax evasion worth millions of rupees during search and seizure operations against two groups of companies in several states, the Central Commission for Taxation said on Sunday.…

Income tax laws provide a variety of benefits when it comes to owning a home, whether it's for a home loan or for claiming capital gains exemption by investing in a residential home. If one is not aware of these deadlines, one may…

ANDERSON - The proposed 0.3% increase in local income tax for public safety has another chance to…

In general, income tax applies to income, just as the real estate capital gains tax applies to capital gains from the sale of buildings, as the land either!-->…

Several key dates are announced this month related to local property taxes and income tax in France.Here are the deadlines to watch in the coming weeks for these taxes, including property tax, housing tax and income tax.Note that these are…

Passing the 2022 budget, an income tax restructuring and a step towards a solar farm tax rebate are just a few of the items on the Pulaski County Council's agenda tonight. Adopting tonight's budget will be the last step in a long…

The Income Tax Department raided several sites linked to affairs related to two companies, one involved in funds and financings, while the other is a retailer of silk sarees and other clothing. , CBDT said on Sunday.…

Mohamed Maait, Minister of Finance, issued Resolution No. 491 for 2021 in order to amend certain provisions of the regulations implementing the Income Tax Law promulgated by Law No. 91 of 2005. Reda…

The income tax department conducted search and seizure operations in about 37 premises in several cities on September 30, the finance ministry said in a statement on Monday. The raids were carried out in several cities such as Mumbai,…

zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may…

Individuals whose taxable income is below the ceiling of the basic exemption must still file their income tax return (ITR) if they hold or receive income from a foreign asset. This income must be declared in Schedule…

Steps are being taken in Pakistan by the federal government to document the economy, people who have had this responsibility for the first time are particularly concerned and everyone seems to be wondering…

Representative imageRTI filing tips for fiscal year 2020-21 (AY 2021-2022): The deadline for filing the income tax return for individual employees or traders has been further extended to December 31, 2021. After registering on the…

All three positions raise the prospect of Sir Keir running in the May 2024 general election by proposing to raise the overall level of taxation in the UK. Mr Johnson's decision to break the Tory manifesto pledge not to increase national…

How To Calculate Tax For ITR On Multiple Properties | Photo credit: BCCL Some of us own multiple properties such as a house, office, store, or land. But in the eyes of…

Rs 300 crore in undisclosed income was found during raids on businesses. (Representative image)New Delhi: The Income Tax Department uncovered undisclosed income of more than Rs.300 crore after conducting search and seizure…

The Income Tax Department conducted separate search and seizure operations in Gujarat and Tamil Nadu earlier this week on suspicion of tax evasion, the Central Commission on Direct Taxes (CBDT) said on Saturday in a report. communicated.…

Real Estate Investment Trust (REIT) is a real estate investment without owning the property. Compared to direct real estate investment, here one can start investing with a small amount and buy or sell at any time…

If you want to move to a country to pay less income tax, you have a wider choice than the Middle East.The first zero-tax countries that come to mind are the Gulf States, particularly the United Arab Emirates, Kuwait, Qatar, and Saudi…

Alternatively, if the difference is substantial, you can contact the bank and have the details corrected.By Chirag NangiaI bought an apartment in December 2020 using the capital gain accrued from my previous sale of a property. How can it…

Often labeled as the “messiah” by his avid fans, actor Sonu Sood is garnering praise for his extraordinary philanthropic work on the one hand and under the radar of the income tax department on the…

While Sonu Sood has received praise for his philanthropic work, on the other hand, the actor has gone under the radar of the income tax department. Recently, the IT department carried out an investigation into the offices, property…

MILWAUKEE (AP) - Lt. Gov. Mandela Barnes paid no income tax in 2018 and was on BadgerCare while unemployed and running for lieutenant governor. He did not file a federal or state tax return that year, according to the Milwaukee Journal…

KATMANDU, September 19: The government, which is criticized for its controversial decision to grant tax exemptions to certain companies, has taken another controversial decision to amend the Income Tax Act so as not to seek the source of…

Actor Sonu Sood has been hailed as the Indian Messiah for his humanitarian work in the wake of COVID-19. The actor has now been turned into a "real" villain by netizens for evading a massive Rs 20 crore tax, according to the Income Tax…

Bombay: The Income Tax Department said actor and social activist Sonu Sood made a tax invasion of Rs. 20 crore. The 48-year-old actor's home and some sites linked to him had been raided for three days. "During a search of the…

Question: I am considering buying a house that my dad is willing to lend me for. I will reimburse it on the basis of EMI (Principal + Interest). Can I claim deductions for this home loan? What documents do I need to…

The Center on Friday relaxed the provisions of the Income Tax Act, 1961 regarding withholding tax (TDS) on the payment of interest by a regular bank to a member of a listed tribe (ST). The Union Ministry of Finance stated in its decree…

zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may…

MILWAUKEE (AP) - Lt. Gov. Mandela Barnes paid no income tax in 2018 and was on BadgerCare while unemployed and running for lieutenant governor. The Milwaukee Journal Sentinel reported on Friday that it did not file a federal or…

Question: As you mentioned in your article, long-term capital gains (LTCG) resulting from the sale of any fixed asset other than a residential house can be claimed as exempt under the u / s section 54F if the proceeds of the sale…

After raiding Bollywood actor Sonu Sood's residence in Mumbai late last night, income tax officials arrived at the property this morning for the second round of research. There are reports that officials are investigating Sood's real…

Income earned by a person from agricultural activities has long benefited from a preferential tax regime. In addition to many!--post-image-->…

Filing of the income tax return (ITR) is the process by which a taxpayer can report the total income earned during a fiscal year. The taxpayer can claim the refund of excess tax paid / deducted during the fiscal year by filing it for that…

On November 2, Hilliard residents will be invited to "imagine the possibilities" of all the great parks and recreational facilities that could improve their lives if voters approve an income tax initiative.Before explaining why the city is…

Fox News Contributor Brian Brenberg Joins "Kennedy" to Discuss Impact of Pandemic on US Federal Income Taxes Nearly 61% of Americans paid no federal income tax in 2020, a temporary spike attributed to a sudden drop in income and a…

CHARLESTON - Governor Jim Justice believes lawmakers in the West Virginia legislature made a big mistake…

Devas Multimedia, a company seeking more than $ 1.2 billion that it won in an international arbitration from India, hailed India's decision to quash retrospective corporate tax claims. However, the company stressed that the bill did not…