Income Tax Crackdown: I-T Dept Reopens Past Assessment Cases Over Fake Purchase Entries, GST Invoice... The IT notices has led to panic in the growing startup ecosystem fearing tax terrorism in ...

The accruals must be added via adjusting journal entries ... company's income statement as accrued revenue in the month the service was delivered—say, February. At the same time, an accounts ...

9. Interest Charged to Debtor for Late Payment Journal Entry: Accounts Receivable A/c Dr. ₹500 To Interest Income A/c ₹500 Exa: Charged ₹500 interest for delayed payment. 10. Sale of ...

On Thursday, March 27, Mississippi Republican Gov. Tate Reeves signed House Bill 1, an income tax elimination bill that will increase the rate of income tax elimination. The process could take ...

A Senate bill would bar states from imposing tax and withholding on out-of-state workers who work for no more than 30 days ...

Legislators determined to cut property tax bills for homeowners and businesses this session have left local officials with difficult choices about whether to cut services or raise income taxes to ...

The freeze on income tax thresholds has created a huge stealth tax raid in recent years. While it boosts the Treasury’s coffers, it means more people than ever are being dragged into higher tax ...

(IBJ Photo / Cate Charron) Gov. Mike Braun signed legislation Wednesday that could continue incremental decreases in Indiana’s income tax rate starting in 2030, but whether those cuts could ever ...

If you also intend to file your tax return under the old regime, it is vital to make note of following points. “Taxpayers who want to opt for old tax regime in Financial Year 2024-25, 31st March ...

Delaware Gov. Matt Meyer has proposed changes to the state's income tax rates. During his budget presentation, Meyer proposed adding three new income brackets for the wealthiest Delawareans to tax ...