Sales already offered to tax cannot be added again under section 68. With stock movement evidenced and books not rejected, treating recorded turnover as unexplained cash credit was held ...

Answer: Sales tax was a deduction until the 1986 Tax Reform Act “simplified” the tax system. The 2004 Jumpstart Our Business ...

TDS on sale of immovable property by a non resident is proposed to be deducted and deposited through resident buyers and his ...

The issue was whether the full value of alleged bogus purchases could be added to income. The Tribunal upheld that only the profit element embedded in such purchases is taxable, not the entire ...

Wondering what tax relief you qualify for? Learn about IRS tax relief programs, credits, deductions and payment options based ...

FM Sitharaman also proposed a six-month disclosure window for small taxpayers—such as students, technology professionals and ...

Govt eases tax compliance for individuals buying property from non-residents. No TAN needed, use PAN for TDS reporting.

The diligence and attentiveness of Lawrence County’s controller will save the county money with a new Amazon Business account ...

From collectibles rules to capital gains, gold investors could face unique tax hurdles this tax filing season.

Budget 2026 should address discrepancies in the Capital Gain Account Scheme (CGAS) by basing deposits on actual sale consideration, not stamp duty value. This change is crucial as current rules can ...

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