A deferred annuity is a long-term contract with an insurance company that provides future income—often for life—in exchange ...

ITAT Mumbai held that change of method of accounting from mercantile to cash system for recording interest income on loan due to financial distress at the end of borrower is justifiable and legitimate ...

Bombay High Court ruled in favor of Sulzer Pumps India Pvt. Ltd., setting aside income tax refund adjustments made under Section 245 of the Income Tax Act for assessment years 2012-13, 2013-14, and ...

Learn what net income means for businesses and individuals, how it's calculated, and why it's a crucial financial metric.

DOGE payments could be sent to Americans, but when will they arrive? Here's what we know so far and why some experts say ...

However, if you think that you owe taxes, you'll need to pay your estimated income tax due using Direct Pay, the Electronic Federal Tax Payment System or using a debit or credit card. If you don't pay ...

As spending continues to increase, the government is taking more money out of pockets of American taxpayers —including the ...

Viewing education as a return on investment can be problematic. Just as one does not make ‘return on investment’ calculations for setting up public hospitals, libraries or parks, the benefits of ...

CION Investment's Q4 2024 report reveals key risks, including uncovered dividends. Check out an in-depth analysis of CION ...

The new tax season starts April 1. Save on taxes under Section 80C through investments like PPF, SCSS, ELSS, and NPS.

And heirs don’t pay a dime of income taxes on massive inheritances. Put it all together and massive sums accrued over a lifetime may never face any tax. In contrast, when a middle-class person with a ...

Accrued revenue, meanwhile, could be a product or service that’s sold on credit. Without accruals, companies would only show income and expenses related to cash flows or money coming in and out ...