IRS Form 4562: How to Report Depreciation and Amortization

Learn how to use IRS Form 4562 to claim depreciation and amortization deductions for business property. Understand the criteria, asset types, and filing process.
Tax Guru

Section 263 Invoked for Failure to Verify Source of Cash Deposits

The Tribunal upheld revision after finding that the Assessing Officer accepted explanations without proper verification. The ruling stresses that insufficient enquiry can justify action under Section ...
Tax Guru

₹3 Lakh Leave Encashment Exempt Despite Job Change in Same Year

The Tribunal held that leave encashment received on resignation qualifies for exemption under Section 10(10AA). Subsequent employment in the same year does not bar the ...

If ITR is not processed by 31 December 2025, you won't be able to file revised ITR; here’s what you can do if you have a tax refund claim

Taxpayers face a critical deadline. After December 31, 2025, revised income tax returns cannot be filed if the original return remains unprocessed. This impacts correcting errors and claiming refunds.

ITR Refund: Fake Tax Deductions Under Scanner; Sections In Focus And What You Should Do

Tax Dept finds fake deduction claims by refund agents, targeting RUPPs and charities. Penalties: 200% fines, prosecution. ITR ...

Tax1099 expands its E-Filing Suite with the launch of 990 series for Nonprofits

The addition of Form 990 Series filing expands the Tax1099 suite of IRS-approved e-filing solutions. Nonprofits and tax-exempt organizations can now e-file Form 990 series, including amendments, and ...

4 US States That Are Issuing Tax Relief In December

While budgets get even tighter over the holiday shopping season, residents in some states might get some relief thanks to ...

IIT Bhubaneswar Scholarship: Admission, Eligibility And Other Details

Find more about the 25% quota IIT Bhubaneswar B.Tech MCM Scholarship and the 10% quota Free Studentship. Parental income of at least ₹4.5 lakhs and good merit are prerequisites for eligibility. Use ...
AOL

Ellen DeGeneres and Wife Portia de Rossi Plotting to Return to U.S. After Failed U.K. Stay: 'They Miss the Warm Weather and Their Friends'

Ellen DeGeneres and wife Portia de Rossi are reportedly planning to head back home to the United States after living in the English countryside for the last year. The pair settled in the Cotswolds ...
Yahoo

Ellen DeGeneres And Her Wife Reportedly Plan U.S. Return After Ditching The Country For The U.K.

Ellen DeGeneres and her wife, Portia de Rossi, are reportedly considering a move back to the U.S. after they dumped the country for a new life in the U.K. Some say the couple would only be staying for ...
Scientific American

Mars Sample That May Contain Evidence of Life Might Never Come Home

Right now one of the most advanced planetary explorers ever built is scouring the surface of Mars. Supported by a team of hundreds of scientists back on Earth, the Perseverance rover has traveled ...
Artnet

U.S. Returns 36 Stolen Artifacts to Egypt After Major Recovery Effort

Egypt has recovered 36 stolen artifacts from the U.S., including rare manuscripts and ancient religious relics. The objects were recovered by the Manhattan D.A., the Metropolitan Museum of Art, and ...