Income tax deadline on March 31: Taxpayers can avail 25% lower additional tax benefit on filing updated ITRs
Taxpayers can enjoy a 25% reduction in additional tax and interest by filing updated ITR for AY 2023-2024 by March 31, 2025, ...
Income tax department to compare your last year ITR with current year’s ITR for any irregularities: How taxpayers will be impacted?
The income tax department will check and match your current income tax return filed with the previous year's ITR from next ...
The Financial Express1d
New Tax Rule: Govt to match your current ITR with previous year’s to find inconsistencies – Details here
Union Finance Minister Nirmala Sitharaman proposed to amend Section 143(1) of the Income Tax Act ... Carried forward losses / unabsorbed depreciation claimed in the relevant financial year ...
USA Today5d
How the top 1% use these six loopholes to skirt $160 billion in taxes each year.
They can entirely avoid paying federal estate taxes. However, there are different ways to calculate depreciation ... days or less in a calendar year, the income is tax free.
Business Today5d
Suzlon Energy gets 'Buy' from MOFSL; here's peer comparison with Inox Wind, Gamesa, Vestas
Sulzon ENergy, it said is also well-positioned to benefit from its significant tax shield arising from unabsorbed depreciation and brought-forward losses. "A majority of these losses are set to ...
moneywise3d
Best Tax Software For Investors
For many filers, tax season is synonymous with stress and ... included Calculators for capital gains/losses, rental depreciation, crypto sales, and more TurboTax Premium lets you claim income from ...
The News Journal2d
Delaware governor eyes income tax increase on high earning residents
Delaware Gov. Matt Meyer has proposed changes to the state's income tax rates. During his budget presentation, Meyer proposed adding three new income brackets for the wealthiest Delawareans to tax ...