If you borrow money to buy investment assets, the IRS will sometimes allow you to deduct the loan's interest from the taxable ...

The Tribunal examined whether a penalty could survive despite an allegedly vague notice. It held that since the assessment order and later notices clearly specified furnishing of inaccurate ...

Learn what Net Income After Taxes (NIAT) means, how it's calculated, and see examples to understand this key financial metric ...

Learn the critical differences between revenue and income, their impact on financial health, and how understanding each can ...

G deduction and interest under TDS/TCS provisions. The Tribunal found that the Assessing Officer had examined both issues and no prejudice was ...

A non-registered account, on the other hand, doesn’t offer any tax advantages: All the investment income is taxable. Still, ...

See the tax advantages and downsides.

Passive income is about making your money work for you and typically involves an initial investment of time, effort or ...

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