Are IRS Penalties Tax Deductible?
The U.S. tax code does not allow taxpayers to deduct penalties assessed by the Internal Revenue Service. However, they may ...
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ITAT Mumbai Allows CSR Deduction Under Section 80G
Mumbai has upheld the order of the Commissioner of Income Tax (Appeals) [CIT (A)] in the case of ACIT vs. Jamnagar Utilities and Power Pvt. Ltd., allowing deduction under Section 80G for Corporate ...
What Are The Key Changes In The TDS Rules Coming Into Effect From April 1 & Who Will Benefit The Most?
TDS at a rate of 5% will only be withheld starting on April 1, 2025, if the total amount of insurance commission paid to an ...
Kerala Lottery Result Today 16-03-2025 (Shortly): Akshaya AK-693 Sunday ticket number winners list, agent name
Consolation prize for Akshaya AK-693 is Rs. 8,000. The consolation prize will be given to several winners. Sun, 16 Mar 2025 ...
NJ taxpayers claim high itemized deductions, according to SmartAsset data
New Jersey residents are getting the most out of filing their taxes. According to a SmartAsset 2025 survey, Where Americans Write Off the Most in Taxes, taxpayers from the Garden State have lightened ...
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Who is eligible for the standard deduction this year?
The 2025 tax season is underway, and understanding the nuances of standard deductions can significantly impact your tax ...