Tax Guru

ITAT Surat Upholds Taxation of Only Commission Income in Cheque Discounting Case, Deletes ₹3.15 Crore Section 68 Addition

The ITAT Surat held that bank transactions reflected cheque discounting business activity and could not be fully treated as unexplained cash credits under Section 68. Only estimated commission income ...
Tax Guru

ITAT Kolkata Allows Foreign Tax Credit Despite Late Filing of Form 67

The ITAT Kolkata held that delayed filing of Form No. 67 is only a procedural defect and cannot deprive an assessee of Foreign Tax Credit under Section 90 and the India-USA ...
AARP

Act Fast — These Energy Tax Breaks Are Going Away

Javascript must be enabled to use this site. Please enable Javascript in your browser and try again. Free Webinar: Fraud on the Line—Phone & Text Scams, May 18, 3 ...
WGAL

Governor announces new state tax credit for working Pennsylvanians

TOM. WELL, LAURIE, THIS NEW PENNSYLVANIA WORKING TAX CREDIT ESSENTIALLY IS GOING TO BE WORTH ABOUT 10% OF THE FEDERAL EARNED INCOME TAX CREDIT. AND IF YOU DO QUALIFY FOR IT, YOU’LL AUTOMATICALLY GET ...

‘Tax grab’: End to income splitting via trusts with 30pc minimum rate

The minimum tax rate rips a key tool of wealth building used by millions of richer Australians and has a particular sting for ...