Delhi High Court upholds CIT(A) decision, allowing Section 80JJAA and prior period expense deductions for International Tractors Ltd., overturning ITAT ...

T4RIF Statement of Income from a Registered Retirement Income Fund For detailed information on the amounts shown in the boxes of your T4RIF slip, refer to the corresponding box number below the ...

These expenses are essential for generating revenue; and as such, they can be deducted from your income taxes to reduce your overall tax liability. Common examples of business expenses include: You ...

ITAT Delhi held that interest expense relating to prior period expenditure is allowable since from the financial positions and profitability declared in the financial statement, it shows that it has ...

How to read an income statement To calculate a missing account on an income statement, first we need to understand how to read one Income statements are meant to be read from the top to the bottom.

Tax Talk explains individual income tax credits. Refundable can bring a tax liability to zero. Non-refundable can't generate a refund on its own.

Learn about the income statement, what it looks like, and how it can be used to assess an organization's current financial condition and future prospects.

Discover the fundamentals of income tax expense, its calculation, impact on financial statements, and its importance for investors and businesses in this detailed guide.

In response to demand from investors, public companies will be required to disclose more information about certain expenses in the notes to financial statements.

But t he expense rules represent what may be one of the biggest changes for the income statement when it comes to disaggregation, FASB member Fred Cannon said in an interview.