Discover how gross profit and operating income differ and why both are crucial in assessing a company’s financial health. Get ...

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

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

Learn how the Income Tax Department handles high cash deposits, what notices to expect, and step-by-step strategies to respond with proper accounting and documentation to avoid reassessment ...

Large cash payments for property, gold, or cars are restricted. Daily expenses like groceries can be paid in cash. The Income ...

Tax Department alerts flag ITR deduction mismatches, mainly for salaried staff and large donations, causing confusion and ...

Editor's note: The NFL on Monday suspended Steelers receiver DK Metcalf for two games. Pittsburgh Steelers star wide receiver DK Metcalf took a swing at a Detroit Lions fan at the game at Ford Field ...

You’re not alone if you’ve heard the term cash flow statement and felt a little unsure about what it really meant. Many new investors see it listed beside the balance sheet and income statement but ...

Over the years, companies have relied on alternative performance measures (APMs) such as “adjusted earnings” or “underlying profit” to provide investors additional financial information beyond IFRS or ...

What Is an Income Statement? An income statement, sometimes called a profit and loss statement or P&L, shows how much money a company made and spent during a specific period, usually a quarter or a ...

PALM BEACH, Florida, Nov 27 (Reuters) - U.S. President Donald Trump said on Thursday his administration may slash income tax completely over the next couple of years because of government revenue ...

Introduction of the 'Tax Year' Concept: The Act replaces the outdated concept of ‘Previous Year’ and ‘Assessment Year’ with a single Tax Year, eliminating confusion and aligning with global tax norms.