Gifts surpassing the exemption limit in value in a financial year are taxable and need to be disclosed under ‘income from other sources’ in the ITR filing.
LONDON (Reuters) -British finance minister Rachel Reeves is expected to raise tens of billions of pounds in taxes in her November 26 budget to stay on track for her fiscal targets, a key issue for ...
A Prague-based wealth manager breaks down what’s changed, from income exclusions to cross-border money transfers, and how ...
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SC notice to Centre, ECI on plea seeking political parties to publish memorandum, rules on website
The Supreme Court on Monday issued notice to the Union of India (UOI) Election Commission of India (ECI), and Law Commission ...
ISLAMABAD: Federal Tax Ombudsman (FTO) has ruled that no prior notice or intimation is required under the law for ...
In "The Second Estate," Boston College law professor Ray Madoff argues that America’s tax code has birthed a modern ...
Dismissing Revenue’s appeal, the Tribunal held that the assessee’s ₹1.9 crore FDR was a renewal of an earlier deposit used as bank guarantee security and not a new unexplained investment under Section ...
The ITAT Chennai held that ₹1.98 crore received for reduction in profit-sharing ratio in CRCL LLP was not goodwill or taxable income under the Income Tax ...
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