Option to choose a valuation method for valuing shares rests solely with the assessee: Delhi HC AGRA PORTFOLIO PVT. LTD. (ITA 1385/2018) Facts: […]
Category: Tax
TurboTax Makes Tax Education Fun for College and NIL Students – Intuit TurboTax Blog
TurboTax is helping Gen Z like never before, offering tax education and events from coast to coast tailored for college students, student-athletes, and the greater […]
Who’s Left to Tax? Grappling With a Dwindling Shareholder Tax Base
Foreign investors, retirement accounts, and other tax-exempt entities now dominate US stock ownership. This shift has important implications for understanding who wins and who loses […]
Penny Stock linked Tax Evasion; Being guilty will take you to Tribunal and Court for Bogus Transactions
Tax Evasion: Penny Stock linked Tax Evasion; Being guilty will take you to Tribunal and Court for Bogus Transactions The Central Board of Direct Taxes […]
Interest cannot be allowed as a deduction on loan used for buying
Interest cannot be allowed as a deduction on loan used for buying agricultural land: Kerala HC M/S. MINI MUTHOOTTU CREDIT INDIA (P) LTD. […]
Tax Credits for Hybrid Cars and Electric Vehicles: An Intro Guide – Intuit TurboTax Blog
If you’re thinking about buying a new car, you should be aware of the list of vehicles that are eligible to increase your tax refund. […]
How to decide which Regime to choose
ITR Filing: How to decide which Regime to choose The Income Tax Department‘s recent release of the ITR-1, ITR-2, and ITR-4 forms for FY 2023-24 […]
ITAT deletes addition of cash deposits made during demonetization:
ITAT deletes addition of cash deposits made during demonetization: Shivam Industries Radheshyam Sharma & Co. Vs ACIT (ITAT Delhi) Appeal Number : ITA No. 1612/Del/2021 […]
Here’s Tax Deductions And Credits You Can’t Claim On Your Tax Return – Intuit TurboTax Blog
During tax time, information is always spreading about what types of deductions are available. Maybe you heard of someone who wrote off their brand-new pool, […]
Choosing wrong Tax Regime will lead to high Tax
TDS on Salary: Choosing wrong Tax Regime will lead to high Tax April 1, 2024, marks the beginning of the new financial year, 2024-25. However, […]