Non-disclosure of income from VDAs under the regime introduced in the Finance Act, 2022 could expose the taxpayer to search ...

The delay in the approval of the Tax Laws Amendment Bill provided a major relief to the realty sector that could now ...

Conclusion: Addition against unexplained cash deposit of ₹49.50 lakh was remanded back to AO for verification if the deposits were from business activities, the addition under Section 69A could not ...

The AO determined that the source of the share application money was a lease deposit received by Subramani from M/s Safe Carwings Pvt. Ltd. (SCPL) for a property he leased to them. However, the AO ...

As the Trump administration targets federal DEI programming, colleges and universities with a mission to serve ...

Definition: Tax Revenue forms part of the Receipt Budget, which in turn is a part of the Annual Financial Statement of the Union Budget. Description: It gives a detailed report on revenue collected ...

Mainstream economists and the media “warn” us about the dangers of “income inequality.” But is income inequality really an ...

This year will be a pivotal year for tax policy and will have far-reaching consequences for our economy and democracy. It is important that the people understand what is at stake. This Tax Justice and ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

Accrued interest is recorded as an expense or as revenue on the income statement, depending on whether the interest is being paid or received. Accrued expenses are a type of accrued liability and ...

Here are some tax terms you should know. Your tax liability is the amount of tax you owe to the IRS or your state government.