Types of income tax notices and how you should respond

Income Tax Department notices are routine and need not be a cause for concern. Understanding the reasons and acting on them ...

What to know about October's market-crash potential - and what you can ignore

October's stock-market volatility is a crime in search of a motive. That's because there is no apparent reason why the U.S. stock market should be more volatile in October than in September. Absent ...
Tax Guru

Only Embedded Profit Element Taxable: ITAT Delhi Restricts Bogus Purchase Addition to 12.5%

Delhi ITAT ruled that where sales are accepted, full purchase disallowance is unjustified. Citing Bombay HC, it restricted the addition for bogus purchases of Rs. 23.5 Cr to 12.5% profit element.

Ending taxes on home sales would benefit the wealthiest households most – part of a larger pattern in Trump tax plans

Trump floated the tax-free home sales idea less than three weeks after he signed a large package of tax and spending measures ...