The Income Tax Department has released the Excel utilities for ITR-2 and ITR-3 for Assessment Year 2025-26. Thus enabling taxpayers with capital gains, crypto earnings, foreign assets along with ...

Union Budget 2025 introduced revised income tax slabs under the new regime, exempting income up to Rs 12 lakh. For salaried ...

The provision for income taxes on an income statement is the amount of income taxes a company estimates it will pay in a given year. The company's final tax bill may be slightly more or less than the ...

During the COVID-19 pandemic, millions of Americans packed up and moved — chasing sunshine, freedom and, let’s be honest, a lower tax bill. Fleeing from New York to Florida and California to Texas, ...

Gold gifts fall under Section 56(2)(x) of the Income Tax Act, which taxes receipts without consideration if they exceed certain thresholds. Gold continues it record-breaking spree but it has done ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or ...

Sir Tony Blair believes the top rate of income tax should be cut to below 40 per cent, putting him at odds with Sir Keir Starmer and Rachel Reeves. As the Chancellor prepares to increase taxes yet ...

For listed shares held for more than 12 months, the taxpayer may choose to treat them as investments, making the gains eligible for capital gains tax.(Pixabay) I recently became an NRI after moving to ...

As homes across India light up for Dhanteras and Diwali, gifting and buying gold and silver remain cherished traditions symbolising wealth and prosperity. But as bullion prices soar to record highs, ...

How can I use Benford’s Law in Excel? A. Benford’s Law is a powerful tool in the accounting and auditing profession. It is ...

The amount you pay the IRS each year is determined by your tax bracket. That, in turn, is based on your taxable income and filing status. But there are several ways you can lower your taxable income ...