A client has made a large trading loss on their sole trade and has other PAYE income and a large capital gain.

The 2024-25 income tax return filing deadline has been extended due to technical issues with claiming the Section 87A rebate.

How much you pay in taxes is determined by which tax brackets you fall into. For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain ...

Wouldn’t that be nice? That is how passive income works. With advancements in technology passive income opportunities are accessible than ever in 2025. Tools like AI automation, online ...

India may reduce income tax for individuals earning up to Rs 15 lakh annually in the upcoming budget to support the middle class and drive consumption. This potential change, under the 2020 tax ...

Union Budget 2025: India is planning to reduce income tax for people earning up to 1.5 million rupees a year. This could help the middle class and boost consumption in the slowing economy. The ...

2) In the case of the Convention to Implement Measures to Prevent BEPS, the column contains the summary of application of that Convention to each tax treaty. (*3) Where an Original Convention has been ...

That also varies depending on where you live and work. Here's a primer on income tax: what it is, how it works, how to calculate it and which states don't have it. There is federal income tax ...

If either of them ever started a company that went supernova, they would sign away 10% of their income to the other. "We shook hands, and at the moment it was a bit of a joke," Agarwal said.

The cost of living crisis in the US has eased somewhat, but low-income Americans are still struggling ... such as an extension to the child tax credit and free school lunches.

Let’s delve into the complexities of Indian tax regulations to determine how this could impact the rising chess star. Under Section 10(17A) of the Income Tax Act, 1961, any payment, whether in ...

Each tax filing program defines simple tax returns differently, but they generally include: W-2 income Limited interest and dividend income Standard deductions Unemployment income Many online tax ...