Taxable income

The Hindu Business Line  Sep 27  Comment 
People earning ₹4 lakh per annum, besides those in tier-II and tier-III cities with taxable income but not paying taxes, are on the radar of the Income Tax department which has launched an ambitio...
Motley Fool  Jun 28  Comment 
Learning what taxable income is can make your tax season go more smoothly.
Forbes  Apr 22  Comment 
Clarence William Speer was in Tax Court recently over the $53,513 of unused vacation and sick time that he was paid when he retired in 2009.  Now I have these rules about who I root for in Tax Court cases.  Generally it is the taxpayer, unless...
The Hindu Business Line  Apr 2  Comment 
Move to achieve greater consistency in application of accounting principles
Forbes  Mar 6  Comment 
If you owe somebody money and then you don't have to pay it back that can create taxable income for you.  It is called either income from the discharge of indebtedness or cancellation of debt (COD).  The rules about when you can exclude COD from...
Motley Fool  Jan 6  Comment 
Your tax rate probably isn't what you're assuming it is.
Forbes  Dec 3  Comment 
When your uncle loans you $10,000 to tide you over, is it taxable income? Nope. What about when the bank loans you $100,000? No again. That’s provided it’s a real loan and not income. That’s a key distinction that lands lots of taxpayers...  Oct 9  Comment 
The CRA's comments released this week clarified a grey area for entrepreneurs, and is a stance which makes it more expensive to crowdfund a project

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