The Tribunal held that once delay in filing the return is condoned under Section 119(2)(b), denial of Section 80P solely for late filing is unsustainable. The deduction was directed to be ...
Taxpayers face severe penalties for failing to disclose foreign assets, even inadvertently. A Mumbai executive received a ₹40 ...
The IRS has quietly raised the bar for who must file a federal return for the 2025 tax year, and the result is simple but ...
Explains how the IRS defines self-employment, including sole proprietors, contractors, partners, and gig workers, and clarifies who must comply with SE tax ...
Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.
If you are planning to visit your bank branch on Monday, December 22, 2025, you may need to rethink your schedule. As per the ...
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