Post office 5-year Time deposit ... under 5-year deposit account qualifies for the benefit of section 80C of Income Tax Act, 1961. This offers 7.5 percent interest per annum which is higher ...
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Income Tax Bill: Income Tax officers can check social media and emails, know what is the government's plan..The new Income Tax Act is going to be implemented from April 1, 2026, and many major changes have been made in it as compared to the existing Income Tax Act-1961. The new law gives the power to the ...
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New Income Tax Bill 2025: Big change in income tax, now tax officers will be able to check social media and email without informingWhat is 'virtual digital space'? New income tax bill 2025: Big change in income tax, now tax officers will be able to check social media and email without informing 3 Which officers will get the ...
Adverse tax assessments by tax authorities often result in additional tax liabilities, commonly known as "tax demand." Under the Income-tax Act ... The Assessing Officer (AO) has the discretion ...
SAN FRANCISCO, March 7, 2025 /PRNewswire/ -- IEQ Capital is pleased to announce the expansion of its Family Office team with the hiring of Jennifer Kowal as Senior Income Tax Strategist.
Tasos Katopodis / Getty Images Earnings not subject to income tax, whether federal or state, are referred to as exempt income. Exempt income is income that's not subject to income tax.
UBTI is income earned by a tax-exempt entity from activities unrelated to its exempt purpose. Unrelated Business Taxable Income (UBTI) is the income earned by a tax-exempt entity from activities ...
That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income range for each bracket annually to account for inflation's impact on salaries. Depending on how much ...
A recent victim of this exercise was The Reporters’ Collective (TRC), an investigative journalism outlet whose nonprofit status was allegedly cancelled by the Income Tax (IT) Department — a ...
Under Section 80C of the Income-tax Act, 1961, taxpayers can claim deductions on investments up to Rs 1.5 lakh. The Post Office offers several government-backed small savings schemes that qualify ...
Campaigners are raising alarms, suggesting millions of retirees might end up paying income tax for the first time due to the Chancellor's decision to maintain a freeze on allowances. A key ...
Microsoft is testing a free, ad-supported desktop edition of Office, but it comes with a host of limitations. On Monday, tech news site Beebom described the new version, saying that Microsoft ...
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