Tax Guru16h
Late Filing of Form 10CCB Not automatically Disqualify Section 80-IA Deductions
Shah Vs. Deputy Commissioner of Income Tax (DCIT), ruled on the disallowance of a deduction under Section 80-IA due to the delayed filing of Form 10CCB. The case stemmed from the Centralized ...
Tax Guru5d
ITAT Restores Sports Trust’s Section 12AB, 80G Registration Rejection
Mumbai has set aside the rejection of Sports Unlimited Foundation’s applications for 12AB and 80G registration, directing the Commissioner of Income Tax (Exemption) [CIT(E)] to conduct a fresh ...
The Virgin Islands Consortium8d
V.I. Businesses Must Provide Minimum of Two Payment Options, Says DLCA as Cash-Only Operations Come Under Fire
According to DLCA, it is a legal violation under Virgin Islands law for businesses to refuse acceptance of at least two distinct forms of payment from consumers.
Green Car Reports27d
Electric-car charging: The basics
The mobile connector or wallbox (sometimes called EVSE for the sake of tax credits, rebates ... x 12 amps — and we’ll get to why it’s 12A a bit later). Figuring in a reasonable 10% losses ...
Hosted on MSN28d
New Income Tax Bill 2025 explained: Top 30 FAQs every taxpayer should check
New Income Tax Bill 2025: Finance Minister Nirmala Sitharaman ... and consolidated in the form of the final Bill, after necessary approvals. More than 60,000 man-hours were dedicated by the ...
Business Standard28d
Tax yr, crypto, salary deductions: What you should know about New Tax Bill
When filing a tax return, the taxpayer submits it for Assessment Year 2025-26, and all related forms and notices are issued accordingly ... section 12, section 12A, section 12AA, section 12AB, section ...
Common tax return errors: 6 mistakes and how to prevent them
Often federal tax returns are denied because of errors made by the taxpayer. These errors are often easily fixed if double-checked by taxpayer.
Did you receive a 1099-K tax form? Here's how it affects your tax return
A payment app or online marketplace is required to send you a Form 1099-K if the payments you received for goods or services total over $5,000.
TCPalm1d
Weird IRS tax breaks include pet moving expenses, boat repairs. How tax deductions work
Here’s what to know about tax season and Tax Day, a quick explainer on how tax breaks work and a list of 10 strange, creative ...
Investopedia4d
Form 5329: Additional Taxes on Qualified Plans and Other Tax-Favored Accounts
Form 5329 is an attachment to the federal income tax return that must be filed by taxpayers who owe a penalty related to their use of a tax-advantaged retirement savings plan such as an IRA or 401(k) ...
KBIA16d
What if I'm missing a form? Attorneys answer tax questions from NPR's audience
We asked our listeners to send us their most befuddling questions about the 2025 tax season. What if you can't pay your tax ...
10 Tax Surprises That Could Catch You Off Guard and Affect Your Wallet
These 10 taxable items can impact your finances by lifting your tax bill. They include investments, Social Security benefits, and retirement plan distributions.