4+ day, 3+ hour ago   (464+ words) Buying two separate flats does not necessarily mean losing the tax benefit available for investment in a residential house. The Mumbai bench of the Income-Tax Appellate Tribunal (ITAT) in its recent ruling held that two flats in the same building…...

2+ week, 6+ day ago   (447+ words) Accounting base salaries inched up again over the past year, while bonuses for lower-level employees decreased. Accounting Today and its parent company Arizent conducted our third annual salary survey, collecting responses from accountants from firms of all sizes regarding their…...

1+ mon, 1+ week ago   (200+ words) The Law Protects Equal Inheritance: The 44th Constitutional Amendment removed the right to property from the list of Fundamental Rights in 1978, but inheritance rights remain protected under law. Under the Hindu Succession Act, sons and daughters have equal rights in their…...

5+ mon, 1+ week ago   (883+ words) This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025....

4+ mon, 1+ week ago   (962+ words) This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025....

5+ mon, 1+ week ago   (120+ words) Editor: Alexander J. Brosseau, CPA The TCJA changes included, among others: In Example (5), addressing the application of the grandfathering rules to severance arrangements, the facts are the same as Example (4), except that, on Jan. 1, 2019, Corporation X increases Employee A’s annual salary…...

5+ mon, 2+ week ago   (394+ words) Approximately 1.4 million taxpayers have received notices from the Internal Revenue Service that their tax refunds are being delayed because the IRS wants direct deposit information instead of sending out paper checks. The number is growing by 300,000 each week, according to…...

5+ mon, 3+ week ago   (858+ words) CPAs and their clients, dealing with the new 1099-DA digital asset rules for the first time this year, have encountered a rather gross problem leading to increased stress and work. Specifically, brokers this year are only reporting gross proceeds from…...

5+ mon, 3+ week ago   (937+ words) The Income Tax Department has notified the new Income-tax Rules, 2026, marking a significant overhaul of the decades-old tax framework. In a public announcement, Income Tax Department said the updated rules have been officially published in the e-Gazette, making them accessible…...