It contains valuable information about allowable deductions, income, capital gains tax, depreciation guidelines and more. The 2024 version landed in May 2024 and is still current, or you can keep ...

Tangible assets are often subject to different tax rules and recovery periods. Additionally, the initial cost basis, which is the starting point for depreciation or amortization, can vary ...

For tax year 2024 expenses, business owners can deduct 60% of the cost for certain business purchases. The remaining 40% can be written off as depreciation over several years. Known as bonus ...

We asked over 114,000 people in 107 countries for their views on corruption. Approximately 1,000 people from each of 107 countries were surveyed between September 2012 and March 2013. Five hundred ...

International Investment's unique blend of content for the international wealth management community is now available exclusively on Investment Week. International Investment formerly served ...

depreciation which was not actually allowed. Being aggrieved the assessee filed an appeal before the Commissioner of Income-tax (Appeals) which was allowed. The Assessing Officer filed an appeal ...

ITAT Mumbai held that alternative claim of assessee (lessee) to allow depreciation on Finance Lease Rental Payment is allowable since lessor is allowed deduction of the same under section 37(1) of the ...

Individuals are subject to two income tax systems: the regular income tax and the alternative minimum tax (AMT). Taxpayers must compute their tax under each system and pay the greater of the two ...