If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

The Union Budget 2025 strikes a balance between fiscal prudence, boosting consumption, and spurring investments, presenting a wealth of opportunities for the financial services sector.

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

The U.S. tax code may be notoriously complex, but understanding some basic terms can help you breeze through your tax return ...

Definition: Net National Income is Gross National Income or Gross National Product less depreciation. Description: Gross National Product (GNP) is Gross Domestic Product (GDP) plus net factor income ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...