The Income Tax Department has disallowed Rs 85.6 crore in expenses claimed by PB Fintech’s subsidiary, Paisabazaar Marketing ...

b) The wrong head of Income was chosen, or the tax was paid at the wrong rate. c) Reduction in carry forward loss or unabsorbed depreciation is required. d) Reduction of Minimum Alternate Tax (MAT ...

If you file Income Tax Return (ITR) every year, then you will need to be more cautious than before while filing it next time.

(Photo/IE) Taxpayers must file their updated Income Tax Return (ITR ... application of an incorrect tax rate and and reduction in unabsorbed depreciation. Avnish Arora, executive director, Direct ...

If you own properties, it's worth looking into cost segregation and 179D studies.

Businesses that own, lease, or charter aircraft should prepare for increased IRS scrutiny by closely reviewing their ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance ...

income heads are selected incorrectly, or carried-forward losses are reduced. It can also be filed when a tax credit under Section 115JB/115JC is reduced, an incorrect tax rate is applied, and ...

As farms continue to get large and the value of farm machinery increases as well, the impacts on first year depreciation ...

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 ...