This is a two-part series on end-of-year accounting cleanup for farmers. See part one here.
Learn how interest from savings accounts, including HYSAs and CDs, is taxed. Understand reporting requirements and strategies ...
Statements recorded during survey have no evidentiary value unless corroborated by material evidence
The ITAT Kolkata deleted the Section 68 addition of Rs.1.67 crore, holding that loans proven to be repaid through banking channels with TDS deducted on interest cannot be treated as bogus ...
Horizon Kinetics explains why royalty trusts like Sabine outperform oil producers during inflation. Learn how to hedge energy ...
Filing is mandatory for all companies and firms (including LLPs), regardless of whether they made a profit or incurred a loss ...
The ITAT Delhi upheld the deletion of a Rs.1.83 crore addition for alleged bogus loans, ruling that uncorroborated WhatsApp chats and retracted search statements cannot override documentary evidence.
Investors should closely scrutinize the quality of financial statements as net income can sometimes be manipulated through questionable accounting practices. For individuals, net income is the amount ...
Republicans hold a 53-47 majority in the Senate. The filibuster requires most legislation to get 60 votes, which has allowed ...
"Looking ahead, it could reasonably be extended to other means-tested benefits such as Housing Benefit, Child Tax Credit, and ...
Housing associations’ financial statements for 2024-25 have been released over recent months. Eliza Parr looks through key ...
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