1. Section 112 of the Income Tax Act provides for taxation of Long-Term Capital Gain. The Finance Bill, 2024 amended Section 112 to reduce the rate of taxation of long-term capital gains from 20% to ...

Here's what you need to know. 5 Ways the Second Trump Term Could Affect Your Finances Income tax cuts are likely to be extended, but electric vehicle tax credits could disappear.

This paper discusses the three schools of thought regarding ‘income’ in such cases, the first one that says there must be entry of cost price in the revenue column thereby leading to cancellation in ...

W-2 forms are starting to arrive in mailboxes and inboxes. Here's why you need that form for the 2025 tax season.

Advance tax is an income tax paid in instalments by taxpayers with annual tax liability exceeding ₹10,000. Know its deadlines ...

A home equity loan is a type of second mortgage on a home that’s secured by the underlying property. Learn more here.

The soaring cost of British government debt is a disaster for Rachel Reeves ...

After identifying your tax rate, multiply your taxable income by this percentage to calculate your withholding amount. Keep ...

The decimal version of the millage is multiplied by the property assessment to calculate property ... Monroe County had the ...

If you have a mortgage, you'll probably receive an IRS Form 1098 in the mail. Your mortgage lender is required to use this form if you paid more than $600 in mortgage interest last year.

AXIL Brands, Inc. ("AXIL” or the "Company”) (NYSE American: AXIL), an emerging global consumer products company for AXIL ® hear ...

Homeowners can deduct the interest paid on a HELOC from their federal income taxes as long as they use the funds for home ...