Tax guide for new parents: Child Tax Credit, Earned Income, Social Security and more
If you had or adopted your first child in 2024, your taxes are about to get more complicated. Here's a guide to help you through it.
Union Budget 2025: Will Modi government cut income tax and bring relief to millions of taxpayers?
In the upcoming Budget, the Centre is considering cutting income tax for individuals earning up to Rs. 15 lakh/year in order to provide some relief to the middle class.
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Reduction In Share Capital Amounts To Transfer Of Capital Asset Under Income Tax Act : Supreme Court
The Supreme Court (recently on January 02) reiterated that reduction in share capital is covered under Section 2(47) of the ...
These cash transactions may attract up to 100% penalty by Income Tax department
Recently in a brochure the Income Tax Department has said that taxpayers should avoid using cash for their daily transactions ...
Social Security and Medicare Funding: Is the Sky Falling?
Social Security and Medicare are slowly running out of money, but what does that mean for the retirees counting on them?
You can file your taxes for free starting tomorrow: Here’s how
A software that allows people to file their taxes for free is set to launch soon. According to a press release from the ...
HMRC issues warning to millions of workers who face being 'double taxed' in February
Millions of Brits will be scrambling to meet this year's self-assessment deadline on January 31 over the course of this month ...
The Advanced Canada Workers Benefit will go out on Friday. Here’s how you can apply
The workers benefit is meant to help low-income Canadians, and is split into three payments spread throughout the year.
Tax Guru45m
GST HSN Code Reporting Updates from January 2025
A will be implemented. Manual entry of HSN codes will no longer be allowed, with taxpayers required to select codes from a dropdown. The report will be split into two tabs for B2B and B2C supplies, ...