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All About Filing Nil Income Tax Returns

BankBazaar

Amidst tax filing season, understanding the necessity of filing a NIL income tax return can save you from potential hassles and bring financial benefits. As tax season approaches, many people may wonder about the necessity of filing an income tax return (ITR) when their income falls below the taxable threshold.

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The Economic Case For Remote Sales Tax Uniformity

PYMNTS

Isaacson, a lawyer, Bowdoin College professor, senior partner at Brann & Isaacson and Data & Marketing Association tax counsel, argued Wayfair’s side in the precedent-setting Supreme Court case that has small businesses struggling. is the only country that has such a complex consumption tax system.” .

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Accountants Urge Clarity In SMB Accounting Rules Amid Tax Reform

PYMNTS

The American Institute of Certified Public Accountants (AICPA) submitted recommendations to policymakers this week, urging clarity and simplification in how the Tax Cuts and Jobs Act impacts small business (SMBs) accounting rules. The letter outlined eight recommendations for the Tax Cuts and Jobs Act.

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4 Ways To Invest Your Tax Refund

BankBazaar

Got a big tax refund? We all dread that time of the year when we have to file our Income Tax returns. All those calculations and figuring out which section of the Income Tax Act to claim refunds under can get pretty complicated, we admit. But think of the time when you get a sudden windfall as a sizeable tax refund.

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Bond Portfolio Trends: Fourth Quarter 2022

South State Correspondent

tax-free, 6.5% tax-free, 6.5% The graph below tracks average portfolio tax-equivalent book yield, duration, and unrealized gain/(loss) as a percent of book value. The first quarter of 2022 saw the first signs of higher market rates as portfolio yields rose 5bps to 1.84%. taxable) to 19.6% (13.1% years (they peaked at 5.57

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Crack The Code to Financial Freedom: NPS and PPF Demystified!

BankBazaar

While NPS is an investment that is linked to the market and is regulated by the Pension Fund Regulatory and Development Authority (PFRDA). lakh annually with tax breaks under Section 80C. This stability and tax efficiency appeal to risk-averse investors, evident in the current 7.1% return rate. PPF or NPS?

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UK Asks For Input On VAT Challenges Created By The Sharing Economy

PYMNTS

The United Kingdom’s economic and finance ministry, HM Treasury, seeks input on the challenges that the sharing economy creates for value-added tax (VAT). There will be rising market concentration among large platforms that are often known internationally and have much control over underlying service providers.

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