Income tax rules: You can be subject to a fine if you ... "However, there are certain exceptions to this rule (e.g. banking companies are exempt from this rule), and hence, the applicability ...

Income tax rule: Effective for the current financial ... on the net buyback amount. Amended income tax laws will tax buyback proceeds as income for individual shareholders, similar to taxing ...

The SECURE 2.0 Act made another change impacting RMDs by requiring the IRS to adjust the qualified charitable distribution ...

Decoding the Income Tax Act of India for medical expense tax benefits can be a headache. This article demystifies and focuses ...

This year there have been many changes related to Income Tax, which will be applicable while filing ITR next year. General ...

Rules and reporting requirements depend on whether the cash is income or a gift, how much money changes hands and if you're ...

Under current rules, the pension IHT change could mean that some pots are “double-taxed” if the holder dies at age 75 or older. The beneficiary could then be charged income tax at their ...

State pensioners who withdrew 25% from their pensions due to fears they would be taxed in the Budget face being hit with a tax bill from HMRC due to a 30-day rule. Pensioners can usually take up ...

Firms, freelancers, and salaried workers must complete their tasks by this day to comply with income tax laws. However ... is based on a long-standing rule that the Income Tax Department clarified ...

The India-Switzerland DTAA provides for lowering the withholding tax rate for certain items of income, if both countries ... Rahul Charkha, Partner at Economic Laws Practice, said that with ...

Many Americans donate even if they can't claim a tax deduction. Some of the tax rules that apply to charitable ... donated is excluded from your taxable income—you won't even have to itemize ...