Section 40A(2) of the Income Tax Act, 1961, basically deals with the empowerment of income tax assessing officers. This section lets them to not permit certain kinds of expenditures to be claimed as ...

Under Section 80 of the Income Tax Act, 1961, an individual can avail exemptions and deductions ... Taxpayers can claim a maximum amount of Rs.2 lakh in a financial year. To categorize the ...

Kavita Samtani, a business owner running a beauty salon, appealed against five assessment orders stemming from a search and seizure operation on March 29, 2018. The search targeted her residential ...

ITAT Visakhapatnam held that revision u/s. 263 quashed as AO already disallowed the claim of depreciation while framing assessment and assessed income at NIL due to proper application of funds.

for FY 2023-24: Companies, including both Indian and foreign. All taxpayers whose accounts have to be audited under any law ...

Your child might be allowed to skip filing a separate return and include their income on yours under certain circumstances, such as only having unearned income. The Tax Cuts and Jobs Act ...

The deadline for submitting the income ... under section 119 of the Income-tax Act, 1961, extends the due date of furnishing ...

Net sales decreased 3.9% to $426.8 million in Q4 of fiscal 2024 and increased 3.9% on a normalized basis, compared to Q4 of fiscal 2023. The sales decline attributed to the additional week in Q4 2023 ...

Motorsport Games Inc. (NASDAQ: MSGM) ("Motorsport Games" or "the Company") today reported financial results for its third quarter ended September 30, 2024. The ...

Currently, the income tax calculator shows income tax liability in the current financial year, 2024-25 (ending on March 31, 2025), and the previous financial year, 2023-24 (between April ... claim ...

See Council Tax income reductions ... A quick 1-2-3, before the best buys... 1. Apply via an eligibility calc to protect your ability to access credit. Helps prevent rejections which go on your credit ...