If you exceed the annual gift tax limit, you may have to file a federal gift tax return (IRS Form 709). But exceeding the limit doesn't necessarily result in owing tax, thanks to a high lifetime ...

Tax filing season begins for the financial year 2024-25, and the assessment year 2025-26 has officially commenced, with salaried employees in India having received their Form 16 documentation. There ...

Form GST MOV-09 is mandatory to be issued by the GST Department despite payment of penalty has been made to release the goods: Allahabad High The Allahabad High Court recently ruled that the GST ...

As income tax return (ITR) filing season is going on, eligible social media influencers are also liable to pay their taxes. If they don't file their ITR, they may have to go through income tax (I-T) ...

Form 16 is like a report card from your employer about your salary. It doesn’t account for any financial activity outside that employer-employee relationship. Failing to report additional income or ...

Abu Dhabi: A new workshop hosted recently in Abu Dhabi by the Federal Tax Authority (FTA) saw the participation of around 940 business representatives and stakeholders, as the FTA continues to ...

Salaried employees will soon receive their Form 16 for Assessment Year 2025–26, featuring a more detailed breakdown of salary components and newly integrated tax disclosures.

FAQs about Form T1142Is a person exempt from filing Form T1142, where a distribution is received from a no n-r esident trust, following the death of a parent? If the non-resident trust was created on ...

Total net sales were $190.5 million, a 3.3% increase from the prior year quarter. Fresh segment sales were $174.7 million, a 4.7% increase from the prior year quarter. Prepared segment sales were ...

Filing Income Tax Return (ITR) by salaried taxpayers Form 16: It is a TDS certificate issued by an employer to an employee. It is proof that the employer deposited the tax with the tax authorities.

Three of the most important reports all taxpayers should know about are Form 16, the Annual Information Statement (AIS), and Form 26AS. What they are and how they assist you during tax season follows.

Elon Musk had advocated ending the $7,500 tax credit for buyers of Tesla and other automakers’ EVs. But with the end of that credit included in the the “big, beautiful bill,” he and the now ...