Tag:
Income
Direct Tax
Top Income Tax Deductions Every Freelancer Should Know
Author: Khushi J PrajapatiWhile freelancing provides the freedom and autonomy to work at your own pace, one of its downsides is the commitment of...
International Taxation
Corporation’s Net Income To Be Considered As Taxpayer’s Income Even Though Not Received By Him: US Tax Court
The United States Tax Court has held that the corporation’s net income was the taxpayer’s even though he’d received nowhere near that amount in...
International Taxation
Assessee Unaware About Income, Expenses And Tax Law; Canada Tax Court Deletes Gross Negligence Penalty
The Canada Tax Court has deleted the gross negligence penalty against the assessee who was unaware about income, expenses and tax law.The court noted...
Direct Tax
Income Tax Deduction Allowable On Interest Income Earned From Deposits With Co-operative Banks: ITAT
The Income Tax Appellate Tribunal Ahmedabad ruled that the Income Tax deduction is allowable on interest income earned from deposits with Co-operative banks.The bench...