Category: Income Tax

Tax debt can be a daunting and overwhelming burden for anyone. The thought of owing money to the Internal Revenue Service (IRS) often brings a sense of dread. However, many do not realize that options …

The Life Insurance Corporation of India (LIC) announced receiving a substantial tax refund of Rs 25,464 crore from the Income Tax Department, spanning seven Assessment Years (AYs) from 2012-13 to 2019-20 (excluding 2015-16). This refund, …

Section 80C of the Income Tax Act offers individuals an opportunity to reduce their tax liabilities and secure their financial future. This section allows taxpayers to claim deductions for investments made in specific financial instruments, …

As tax season approaches, many of us find ourselves in a rush to gather our tax documents and organize records from previous years. If you’ve been managing your taxes the traditional way—manually and on paper—chances …

In recent years, the way we work has undergone a significant transformation, with remote work becoming increasingly prevalent. This shift was further accelerated by the global pandemic, which forced millions of Canadians to set up …