Articles for Income

“There Has Been An Increase In Inflation:" J&K High Court Emphasises Revising 'Notional Income' Under Second Schedule Of Motor Vehicles Act
8 hours, 35 minutes ago

“There Has Been An Increase In Inflation:" J&K High Court Emphasises Revising 'Notional Income' Under Second Schedule Of Motor Vehicles Act

Live Law  

Recognising the impact of inflation and the devaluation of currency over the years the Jammu and Kashmir and Ladakh High Court has emphasised the need to revise the notional income of non-earning persons as stipulated in the Second Schedule of the Motor Vehicles Act, 1988. The court reasoned, “The income of a non-earning person, as specified in the Second Schedule, …

Insurance Inflation Court Income Company Schedule Motor Vehicles Act
A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?
20 hours, 41 minutes ago

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

Associated Press  

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The IRS said it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. The special payments announced by the IRS are being sent to those taxpayers who filed a 2021 …

Credit Payments Income Tax Received Irs Receive Eligible
Government has made liquor business its main source of income, says POW Vizag district president
23 hours, 3 minutes ago

Government has made liquor business its main source of income, says POW Vizag district president

The Hindu  

The Progressive Organisation of Women organised its 7th conference at Dronamraju Satyanarayana Kalyana Mandapam at Gajuwaka Drivers Colony, here on Sunday. Speaking on the occasion, POW national convener Jhansi said that the conference mainly discussed the problems faced by women, SC, ST, BC and minorities in education and employment opportunities due to the decision on privatisation of the RINL-Visakhapatnam Steel …

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?
Trending News
1 day, 13 hours ago

A million taxpayers will soon receive up to $1,400 from the IRS. Who are they and why now?

India Today  

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the Internal Revenue Service in the coming weeks. The IRS said it’s distributing about $2.4 billion to taxpayers who failed to claim a Recovery Rebate Credit on their 2021 tax returns. The special payments announced by the IRS are being sent to those taxpayers who filed …

Tax Credit Payments Received Irs Receive Eligible
Income Tax Appellate Tribunal organises silver jubilee celebrations for Visakhapatnam Bench
1 day, 19 hours ago

Income Tax Appellate Tribunal organises silver jubilee celebrations for Visakhapatnam Bench

The Hindu  

As the Visakhapatnam Bench entered its 25th year of service, the Income Tax Appellate Tribunal Bar Association organised the silver jubilee celebrations in Visakhapatnam on Saturday. The celebrations were also graced by ITAT president Justice C.V. Bhadang, vice-president Vijay Pal Rao, vice-president Duvvuru R.L. Justice Bhadang said that the ITAT was established on January 25, 1941, serving as a quasi-judicial …

Tax Income Tax Tribunal Visakhapatnam Bench Itat Silver Jubilee
Low Dutch corporate tax rate should be scrapped, fails to help small businesses
2 days, 13 hours ago

Low Dutch corporate tax rate should be scrapped, fails to help small businesses

NL Times  

The low corporate income tax rate is not suitable to support small and medium-sized enterprises and it would be better if it is abolished, said the Netherlands Bureau for Economic Policy Analysis after conducting research. "Of the 3 billion euros in tax benefits that the low corporate income tax rate yields this year, more than half will end up with …

Corporate Tax Companies Low Cpb
Law changes that will hit Dutch wallets in 2025
2 days, 13 hours ago

Law changes that will hit Dutch wallets in 2025

NL Times  

At the start of every year, the Dutch government implements law changes. Anyone earning over 75,518 euros per year pays the high rate of 49.5 percent, while anyone earning less pays 36.97 percent. In between there will be a middle bracket for people earning between 38,089 and 75,518 euros per year, with an income tax rate of 37.48 percent. In …

Social Housing Child Income 2025 More Information Increase Euros
Vivad Se Vishwas Scheme: FAQs for settling tax disputes easily
3 days, 2 hours ago

Vivad Se Vishwas Scheme: FAQs for settling tax disputes easily

India Today  

In a bid to bring relief to taxpayers, the Direct Tax Vivad Se Vishwas Scheme 2024, introduced in Budget 2024, offers a simplified route to resolve income tax disputes. Is an appeal filed against intimation under section 143 of the Act and pending as of July 22, 2024, eligible for the DTVSV Scheme 2024? Can the DTVSV Scheme 2024 be …

Appeal Settlement 2024 Filed Taxpayer Eligible Such Cases
Dozens of laws and rule changes take effect in the Netherlands on 1 January 2025
3 days, 13 hours ago

Dozens of laws and rule changes take effect in the Netherlands on 1 January 2025

NL Times  

At the start of every year, the Dutch government implements a series of legal changes, regulatory adjustments, and adapted rules. Anyone earning over 75,518 euros per year pays the high rate of 49.5 percent, while anyone earning less pays 36.97 percent. In between there will be a middle bracket for people earning between 38,089 and 75,518 euros per year, with …

Dutch Students Netherlands Tax Social Housing Information Financial Institutions
Arizona Muse declares herself an 'activist first and model second' but admits her outspoken beliefs about sustainable fashion have negatively 'affected her income'
3 days, 13 hours ago

Arizona Muse declares herself an 'activist first and model second' but admits her outspoken beliefs about sustainable fashion have negatively 'affected her income'

Daily Mail  

Arizona Muse has declared herself to be an 'activist model' but says her outspoken beliefs about sustainability and environmental awareness have 'directly affected' her income within the fashion industry. Arizona went on to explain how she only began her career as a model 'by chance' and the fashion industry was never something she 'fantasied about dedicating her life to'. Arizona …

Fashion Career Industry Her Career Activist Her Income Muse Declares
Nearly HALF of Brits who haven't retired - 25m people - live in households that get more from the state than they pay in taxes
4 days, 1 hour ago

Nearly HALF of Brits who haven't retired - 25m people - live in households that get more from the state than they pay in taxes

Daily Mail  

Nearly half of Brits who have not retired live in households that get more from the state than they pay in taxes. The ONS figures showed the median equivalised household income before taxes and benefits was £37,300 in 2022-23 The proportion who are net beneficiaries has been rising steadily since the 1970s, but surged in Covid. The ONS figures showed …

Benefits Taxes Cent Brits Retired Live
There Cannot Be 'Disconnect' Between Reasons For Initiating Reassessment U/S 147 Of IT Act & Grounds On Which Final Order Is Passed: Delhi HC
4 days, 1 hour ago

There Cannot Be 'Disconnect' Between Reasons For Initiating Reassessment U/S 147 Of IT Act & Grounds On Which Final Order Is Passed: Delhi HC

Live Law  

The Delhi High Court has held that only 'original reasons' which formed the basis for initiating reassessment proceedings under Section 147 of the Income Tax Act can be taken into consideration by the Assessing Officer, for coming to the conclusion that income had escaped assessment. A division bench of Justice Yashwant Varma Hon'ble Mr. Justice Dharmesh Sharma observed that there …

Reassessment Assessment Income Department Reasons Petitioner Reassessment Proceedings
Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25
4 days, 3 hours ago

Missed ITR deadline? Here's your guide to filing belated return for AY 2024-25

India Today  

If you missed the original deadline to file your income tax return for FY 2023-24, don’t worry—you still have a chance. A belated ITR, filed under Section 139 of the Income Tax Act, is for taxpayers who missed the original filing deadlines. Regardless of the original deadlines, all taxpayers who missed them must file a belated ITR by December 31, …

Tax 2024 Filing File Original Belated Belated Return
Rule 8D Of IT Rules Can Be Invoked Only If Assessee's Computation Of Expenses Attributable To Earning Exempt Income Is Found Inadequate: Delhi HC
4 days, 4 hours ago

Rule 8D Of IT Rules Can Be Invoked Only If Assessee's Computation Of Expenses Attributable To Earning Exempt Income Is Found Inadequate: Delhi HC

Live Law  

The Delhi High Court has held that recourse to Rule 8D of the Income Tax Rules, 1962 for computing disallowance under Section 14A of the Income Tax Act is available only if the Assessee's computation of expenses attributable to earning exempt income, is found to be inadequate. Aggrieved, the Assessee preferred an appeal before the Commissioner of Income Tax which …

Delhi Income Rule Expenditure Exempt Computation Earning
Who Can Apply For A Rs 10,000 Instant Loan - Eligibility And Requirements
4 days, 6 hours ago

Who Can Apply For A Rs 10,000 Instant Loan - Eligibility And Requirements

ABP News  

A ₹10,000 instant loan can be a quick and effective solution when faced with an urgent financial need. Employment Status Salaried individuals working in private or government organisations are eligible to apply Self-employed individuals such as business owners, freelancers, or gig workers are also eligible, though lenders may have stricter requirements for self-employed borrowers 3. Credit Score A minimum credit …

Personal Eligibility Loan Income Credit Score Apply Lenders
Missed filing tax returns in July? File your belated ITR for FY24 by December 31
Trending News
4 days, 13 hours ago

Missed filing tax returns in July? File your belated ITR for FY24 by December 31

India Today  

If you missed the deadline to file your Income Tax Return for the financial year 2023-24 in July, you still have an opportunity to make amends. The Income Tax Department allows taxpayers to file a belated ITR by December 31, 2024. CONSEQUENCES OF LATE FILING Late filing fee As per Section 234F of the Income Tax Act, individuals filing their …

Tax Income Interest File Itr Ensure Your Income
Can you get a personal loan with low credit score? Check details
4 days, 13 hours ago

Can you get a personal loan with low credit score? Check details

India Today  

Getting a personal loan with a low credit score might seem challenging, but it’s not impossible. HERE ARE SOME TIPS FOR OBTAINING A PERSONAL LOAN WITH A LOW CREDIT SCORE Bring in a guarantor or co-applicant Personal loans are unsecured, meaning no collateral is required. If your credit score is below the lender’s threshold, consider involving a guarantor or co-applicant …

Credit Personal Loan Income Score Low Your Credit Score Dti
PMAY-U 2.0: Who can apply for affordable homes under Pradhan Mantri Awas Yojana
4 days, 13 hours ago

PMAY-U 2.0: Who can apply for affordable homes under Pradhan Mantri Awas Yojana

India Today  

The central government has launched the second phase of the Pradhan Mantri Awas Yojana - Urban 2.0 to provide affordable housing for one crore urban poor, middle-class families, and economically disadvantaged groups in metropolitan areas. INCLUSIVE URBAN DEVELOPMENT PMAY-U 2.0, a flagship government initiative, focuses on offering all-weather pucca houses to eligible beneficiaries in urban areas. PMAY-U 2.0 incorporates four …

Income Ews Lig Pmay Pma Urban Housing
House hunting? This app shows how your future neighbors voted
4 days, 13 hours ago

House hunting? This app shows how your future neighbors voted

Salon  

As home sales rise, there's a new app for house hunters who want to know how their future neighbors lean politically before they make an offer. Tech startup Oyssey has developed a platform that lets buyers search for homes and view block-by-block consumer and political data on the neighborhood they are considering, Axios reports. Oyssey believes buyers are more influenced …

House Oyssey Neighbors Voted
Winter fuel payment deadline warning – what pensioners need to know
4 days, 20 hours ago

Winter fuel payment deadline warning – what pensioners need to know

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Pensioners have already started receiving winter fuel payments for the year, with those successfully …

Winter Credit Pension Fuel Pensioners Payment Apply
S.144C IT Act | AO Not Having Info About Pending Objections Before Dispute Resolution Panel No Grounds To Sustain Final Assessment Order: Delhi HC
4 days, 22 hours ago

S.144C IT Act | AO Not Having Info About Pending Objections Before Dispute Resolution Panel No Grounds To Sustain Final Assessment Order: Delhi HC

Live Law  

The Delhi High Court has made it clear that a Final Assessment order passed by the Income Tax Authorities under Section 143 of the Income Tax Act, 1961 is not sustainable, if it is passed in ignorance of pending objections before the Dispute Resolution Panel. It said, “.notwithstanding the lack of information with the AO, if an objection has been …

Assessment Order Income Passed Objections Drp Final Assessment Order
Jewellery Recovered From Company's Bank Locker Can't Be Presumed To Belong To Any Director: Punjab & Haryana HC Criticises Seizure By IT Dept
5 days, 7 hours ago

Jewellery Recovered From Company's Bank Locker Can't Be Presumed To Belong To Any Director: Punjab & Haryana HC Criticises Seizure By IT Dept

Live Law  

Calling the action of Income Tax Authorities as "arbitrary, illegal", the Punjab & Haryana High Court has directed it to release the jewellery of a company seized from bank locker during search operation.The Court noted that as per Section 132 Income Tax Act, there is a bar to seize the stock in trade, which is found as a result of …

Trade Tax Court Search Jewellery Income Company
Own foreign assets or income? Disclose now to avoid Rs 10 lakh penalty
5 days, 13 hours ago

Own foreign assets or income? Disclose now to avoid Rs 10 lakh penalty

India Today  

Failing to disclose foreign income and assets can land taxpayers in double trouble under both the Income Tax Act and the Black Money Act. STEPS FOR FILING AND DEADLINES Taxpayers must declare foreign income and assets in the applicable ITR for the assessment year they were a resident in India. Disclosing foreign income and assets not only ensures compliance with …

Tax Assets Income Foreign Act Itr Disclose
How to get a personal loan if you don't meet eligibility criteria? Here are 8 easy steps
5 days, 13 hours ago

How to get a personal loan if you don't meet eligibility criteria? Here are 8 easy steps

India TV News  

Getting turned down for a personal loan can be frustrating, but not meeting the right standards doesn’t mean all hope is lost. Banks and financial institutions check a variety of factors such as your credit score, income, existing debts and documents before approving a loan. Consider low-cost loans If your income or credit score can’t support the amount of loan …

Financial Loans Loan Credit Score Your Credit Score Improve Your Income