It was ruled that money received from a parent through banking channels constitutes an explained source. The addition under Section 69A was deleted as the transaction was fully ...

Find out what to include in a cash flow statement, as well as its limitations and how cash flow is calculated.

While reopening of assessment was sustained due to bank deposit information, the cash addition was deleted on merits. Proper explanation of source defeats Section ...

When a woman opened a stray envelope and found a credit card statement she had never seen before, the numbers were shocking ...

The Education Department has suspended certain collections efforts for student loans, giving borrowers some breathing room.

A House of Representatives caucus has said the recently gazetted tax law was altered to weaken the legislature’s authority.

Learn about accounting interpretations, why they matter, and how they clarify standards, prevent errors, and provide consistency in financial reporting.

Senate Republicans introduced two pieces of legislation Tuesday to address ongoing issues with property rights and eminent ...

There’s a place in Yuma where treasure hunters, bargain seekers, and the chronically curious converge like moths to a ...

Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...

Brex reports that recurring revenue, a predictable income stream, is key for modern business growth and stability, outperforming traditional sales models.