A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally ... to an additional 20% tax penalty.

The ITAT emphasized that a proper assessment of the agricultural income was necessary before confirming the addition under Section 68. The assessee’s counsel argued that sufficient evidence, including ...

Will a $2 Mega Millions ticket make you a millionaire in the first month of 2025? It did for two lucky jackpot winners less than one month a part. Not only did one lucky winner in Arizona match ...

This income is taxed at 30% plus applicable surcharge and cess. Proceed to Next Step Again: Click on ‘Go to Next Step’ again. Story continues below this ad Tax Saving Investments (Old Tax Slabs): If ...

Eleven years later, farmer’s income continues to be at the bottom of the pyramid. But when Finance Minister Nirmala Sitharaman spoke of agriculture as the first engine of growth my expectations grew ...

The Budget 2025 is set to introduce significant changes to the income tax slabs, particularly benefiting the middle class. Currently, the new tax regime features slabs where income up to ₹3 lakh ...

First of all, you need to visit income tax department's website and click on tax tools. Now, there are three options of calculators: Tax Calculator: Old vs New Regime, Tax Calculator and Income ...

of the Income-tax Act, 1961 has been issued after 36 months, unless it's determined that issuing a notice under section 148 is not justified." ...

Along with the all-round cheer about the concessions announced on individual income-tax in the Union Budget ... start-ups, agriculture development and MSMEs, which can be leveraged by the State.

Nirmala Sitharaman made a slew of huge announcements during the 2025-2026 Union Budget speech – perhaps none bigger than that there would be no tax on income up to Rs 12 lakh ... Crust leather will ...

Indian stock markets opened positively with the BSE Sensex and NSE Nifty 50 gaining in early trade. The GIFT Nifty indicated a green start, while the Modi-Trump talks have boosted market sentiment ...

Budget 2025: Finance Minister Nirmala Sitharaman announced that there will be no income tax on people's earnings up to ₹12 lakh. This means individuals earning ₹25 lakh can save up to ₹1.1 lakh under ...