As per sec. 68, only if such sum is credited in the books in Financial year 2015-16, addition can be made. It is evident in this case that such sum was shown as opening balance in Financial year ...
The Income Tax Appellate Tribunal (ITAT) Mumbai found the reassessment invalid, emphasizing that Section 147 requires a ...
Alaska is facing a persistent budget deficit. The Anchorage Daily News recently reported that without additional revenue, the ...
Louisiana voters will vote on four proposed constitutional amendments March 29. The amendments address various topics, ...
Residents of the following states could owe state benefit taxes, but you could be exempt if you meet certain criteria.
Republicans want to extend a 2017 tax cut in their upcoming reconciliation legislation that primarily benefits 200,000 ...
Gov. Tate Reeves has signed a bill to overhaul Mississippi’s tax system, aiming to eliminate the state income tax in about 14 ...
One of the signature pieces of legislation from Donald Trump's first term was the 2017 Tax Cuts and Jobs Act, which overhauled many areas of the tax code. However, major provisions of that law ...
After all the political back and forth, there’s a bill signed into law that will change the taxes you pay in the state of Mississippi. The Governor is touting the eventual elimination of the income ...
JACKSON, Miss. (WTVA) — Mississippi’s governor signed a bill into law that will eventually eliminate the state income tax.
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