Tax Guru1h
Section 10(23C)(iiiac) & 11(2) exemption cannot be denied for Belated Form 10
The core issue was whether the institute was eligible for exemptions under Section 10(23C)(iiiac) and Section 11(2) of the ...
New Income Tax Bill 2025 Highlights: FM Nirmala Sitharaman introduced new I-T Bill in Lok Sabha
New Income Tax Bill 2025 Highlights: Union Finance Minister Nirmala Sitharaman presented the new Income-Tax Bill 2025 in Lok ...
Tax Guru1d
New Income Tax Bill 2025: General FAQs and Broad Scope
Ans: As noted above, the total words in the new Income Tax Bill, 2025 are around 2.6 lakhs, as against 5.12 lakh words in the ...
The Taxpayer Assistance And Service Act: IRS Efficiency And Taxpayer Rights
The TAS Act aims to modernize the IRS, has bipartisan support and open for public comment until March 31, 2025.
Investopedia15d
What Is the Tax Cuts and Jobs Act (TCJA)?
The Tax Cuts and Jobs Act ... 10% standard rate of return is below 13.125%, the law taxes these excess returns at 21%, after a 50% deduction and a deduction worth 37.5% of FDII. This excess ...
Investopedia21d
Ordinary Income: What It Is and How It’s Taxed
Daniel Liberto is a journalist with over 10 years of experience ... lower rate than that for ordinary income. The Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA) reduced the tax ...
Hosted on MSN1mon
D Gukesh's Rs 11.45 crore chess prize: Can it escape taxes under Section 10(17A) of Income Tax Act?
Gukesh, made history by earning a remarkable Rs 11.45 crore in prize money ... impact the rising chess star. Under Section 10(17A) of the Income Tax Act, 1961, any payment, whether in cash or ...
Business Today2d
New Income Tax Act retains focus on simplification of language, removes obsolete provisions
According to sources, the intent of the move remains to make the current Income Tax Act, 1961 easy to understand ... Bill has also tried to make each section more comprehensive and done away ...