Taxable income

RECENT NEWS
The Times of India  Mar 15  Comment 
Many prominent people are being probed for allegedly concealing taxable income as agricultural earnings, finance minister Arun Jaitley said and told the opposition not to term it as political victimization if their names come out. Agricultural...
Motley Fool  Nov 21  Comment 
Master limited partnerships and other pass-through business interests can require complex state tax planning.
Forbes  Oct 26  Comment 
It’s finally over. The October 15th tax deadline is behind us, which means tax practitioners have mercifully finished their filings for the year. Unless of course, you chose to make your career in the not-for-profit world, in which case you...
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.




 
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