h. If bogus sale is alleged, then it is not possible to make the sale without any purchase. The purchase in such a case should also be bogus to balance the figures since there can be no bogus purchase ...

Atlanticus’ baby bonds offer a 9.25% yield to maturity, with operating cash flow growing to $346 million. Learn more about ...

Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online has listed 15 ...

Economists recommend reducing income tax rates, rationalizing customs tariffs, and supporting exports in Budget 2025. They ...

Reported as a current liability on the balance sheet. For example, if a company has a tax expense of $300,000 but has already paid $100,000 in advance, the income tax payable will be $200,000.

A Toronto man who excelled to secure the title of a global spreadsheet champion last week calls his unusual achievement a "satisfying victory." Michael Jarman won the Microsoft Excel World ...

Canadian Michael Jarman pumped his fists into the air and shouted to his adoring fans – dubbed Jarmy’s Army – as he ran out onto the stage at the Microsoft Excel World Championships in Las ...

When it comes to interest income and expense, the same volatility exists. Interest income has been choppy but edged off its high of over $350 million to $330 million in the third quarter.

While the Assessing Officer (AO) had disallowed the entire amount, the Commissioner of Income Tax (Appeals) had partially allowed the claim. The CIT(A) deleted Rs. 10,08,769/-, representing expenses ...

Never invest in something you do not understand, as the adage goes. For wealth managers, the fixed income market has always been tricky to explain — but with recent changes in inflation ...