In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and ...

Tax filing season begins for the financial year 2024-25, and the assessment year 2025-26 has officially commenced, with salaried employees in India having received their Form 16 documentation. There ...

Salaried employees will soon receive their Form 16 for Assessment Year 2025–26, featuring a more detailed breakdown of salary components and newly integrated tax disclosures.

Elon Musk had advocated ending the $7,500 tax credit for buyers of Tesla and other automakers’ EVs. But with the end of that credit included in the the “big, beautiful bill,” he and the now ...

Now, with the digital integration of Form 16 into the Income Tax portal, much of this data is auto-populated in the ITR filing form, reducing the scope for errors and easing the burden on taxpayers.

All suppliers new to UB are required to submit a completed tax ID form to Procurement Services as confirmation of their business identity. This information is used to build supplier profiles in the ...

Cathy enters her total CCA claim for the year on line 9936, "Capital cost allowance (CCA)" in Part 4 of Form T2125. Note Her total CCA claim for the year is limited to the total of all amounts in ...

To calculate your current-year deduction for CCA, and any recaptured CCA and terminal losses, use Area A on form T2125, Statement of Business or Professional Activities. You might need information to ...