Advance tax is applicable when the total tax liability for a financial year exceeds Rs 10,000. It is computed based on the estimated income for the year and paid in instalments as per the due dates.

Form 16 is a crucial document for salaried employees in India, particularly as the income tax return (ITR) filing season for ...

Form 16 is a certificate issued by an employer to employees, which contains details of the employee's salary and the tax deducted at source (TDS) during the financial year.

A Bollywood actor wins a major tax case on Foreign Tax Credit (FTC). Learn how FTC works, key legal takeaways, and how to ...

Shah Rukh Khan has secured a crucial legal victory as the Income Tax Appellate Tribunal (ITAT) ruled in his favour, ...

Khan had declared an income of Rs 83.42 crore in his tax return, but the tax officer reassessed it as Rs 84.17 crore and ...

A foreign tax credit (FTC) allows taxpayers to offset income tax paid in another country against their Indian tax liability.

After the Finance Act 2022, the finance ministry allowed taxpayers to rectify their ITRs within two years from the end of the ...

The Additional Child Tax Credit (ACTC) is the refundable portion of the Child Tax Credit, but only if you claim it. What Is the Additional Child Tax Credit? The Additional Child Tax Credit (ACTC ...

TaxAct covers W-2 income, unemployment income and retirement income. You can claim earned income tax credits, child tax credits, student loan interest and dependents. If you have investment income ...

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...