1+ hour, 50+ min ago (245+ words) The first big deadline of the month is 10 December 2025. On this day, all corporate and non-corporate taxpayers whose accounts are subject to audit must file their Income Tax Returns for Assessment Year 202526." 15 December is a particularly busy day for taxpayers, with several important tasks scheduled. Key compliances due on this date include: Uploading Form 27C for November 2025. Government offices must submit Form 24G for TDS/TCS payments made without challan for November. Payment of the third installment of Advance Tax for Assessment Year 202627. Issuing TDS certificates under Sections 194-IA, 194-IB, 194M, and 194S for TDS deducted in October 2025. Stock exchanges must file Form 3BB for client code modifications for November. The next important date is 30 December 2025, when several TDS and global compliance filings must be completed: Recognised associations must file the client code modification statement for November. Submit the TDS challan-cum-statement for tax deducted during…...

2+ hour, 11+ min ago (556+ words) (The Center Square) " Illinois is not adopting the new federal "no tax on tips" provision, meaning tipped workers in the state will still owe Illinois income tax on tips, even when those tips are exempt at the federal level. Manish Bhatt, senior policy analyst with the Tax Foundation, said Illinois" tax structure makes it possible for the state to decline the new tip exemption. "Only those states that begin state-level income tax calculations using the federal definition of taxable income have it automatically incorporated into the tax code," Bhatt explained. "I don't believe Illinois does that. So I think the states are certainly able to not incorporate that individual sort of exemption on tips and overtime wages." Even for states that do automatically conform to federal tax changes, Bhatt said it may be wiser to "decouple" from the federal rule....

3+ hour, 1+ min ago (148+ words) The EU has recognized what has been known for a long time: you need to save for retirement yourself Historically, the current pension system of the EU countries was created with the expectation that, upon retirement, a person would live only a few years, and also on the basis of the assumption that the number of employees would exceed the number of pensioners. But, as it turned out, both "assumptions" turned out to be wrong. For some reason, modern Europeans refuse to die immediately after retirement and on average still live from 15 to 20 years. And population growth in the EU countries has also stopped in order to pay old-age benefits at the expense of contributions from the working population. So the European Commission suggests that EU members create more efficient pension systems that would complement state pensions and provide pensioners…...

3+ hour, 28+ min ago (249+ words) Name withheld on request No deduction is available against the capital gains arising on the sale of a residential property on repayment of an education loan. Long-term capital gains on the sale of residential property are exempt only if the gains are reinvested in another residential property or on investment in certain bonds (capped at "50 lakh). While the sales consideration may be used to repay the education loan, you would also need to factor in the tax on the long-term capital gains arising on the sale of the property. Assuming that the property was acquired in FY 2003-04, when the cost inflation index was 109 (as against 376 for FY 2025-26), the capital gains tax payable at the rate of 20% (excluding surcharge and education cess) with indexation benefit, works out to "16,20,183, whereas the tax payable at the rate of 12.5% (excluding surcharge and education cess)…...

4+ hour, 54+ min ago (411+ words) Spain proposes a 47% tax on crypto gains, sparking criticism as a major threat to Bitcoin and digital asset investment. Discover the impacts on investors and businesses. The post Spain s Bold Crypto Tax Plan: 47% Rate Sparks Controversy Among Investors appeared first on Crypto News Amed. The evolving landscape of cryptocurrency regulation continues to provoke intense debate, particularly in Spain, where recent proposals from the leftist Sumar party have suggested a significant increase in tax rates on digital assets. This move is captivating the attention of both investors and industry experts, raising questions about potential impacts not only on individual investors but also on businesses involved in the cryptocurrency sector. Impact on Businesses and Investors The proposed tax changes by Sumar aim to impose a startling 47% tax on profits generated from cryptocurrencies, a hefty rise from the current 30%. This rate positions…...

5+ hour, 28+ min ago (249+ words) The first big deadline of the month is 10 December 2025. On this day, all corporate and non-corporate taxpayers whose accounts are subject to audit must file their Income Tax Returns for Assessment Year 202526." 15 December is a particularly busy day for taxpayers, with several important tasks scheduled. Key compliances due on this date include: - Uploading Form 27C for November 2025. - Government offices must submit Form 24G for TDS/TCS payments made without challan for November. - Payment of the third installment of Advance Tax for Assessment Year 202627. - Issuing TDS certificates under Sections 194-IA, 194-IB, 194M, and 194S for TDS deducted in October 2025. - Stock exchanges must file Form 3BB for client code modifications for November. The next important date is 30 December 2025, when several TDS and global compliance filings must be completed: - Recognised associations must file the client code modification statement for November. - Submit the TDS challan-cum-statement for tax deducted during…...

6+ hour, 24+ min ago (332+ words) New Delhi: December is an important month for taxpayers. From belated and revised ITR deadlines to advance tax payments and multiple TDS-related compliances, several key dates have been fixed. These deadlines apply to individuals, companies, government offices, and international groups. Here is a clear breakdown of each important date. 10 December 2025 " Extended Deadline for Audit-Required ITR Filing The first and most important deadline is 10 December. On this day, corporate and non-corporate taxpayers whose accounts must be audited need to file their income tax returns for Assessment Year 202526. This also includes partners of audited firms and spouses covered under Section 5A whose accounts are audited. The government earlier set this deadline as 31 October but then extended it to 10 December. 15 December 2025 " A Day With Multiple Important Compliances Several crucial tax-related tasks fall on 15 December, making it a busy day for taxpayers. - Upload Form 27C for…...

8+ hour, 38+ min ago (580+ words) Middle East News: The UAE's recent tax procedure amendments, effective January 1, 2026, will streamline processes, clarify refund timelines, and boost business confidence with tax credits for R&D. Discover the important changes and how they affect you....

11+ hour, 11+ min ago (328+ words) ET Wealth Reader's Query: I am a homemaker who sold a residential plot for Rs 17.4 lakh, which I had purchased in 1989 for Rs 22,000. What is my tax liability on this sale and available options to save on capital gains tax? These are a set of queries raised by ET Wealth readers, which have been answered by our panel of experts.I am a homemaker, aged 58 In December 2024, I sold a residential plot for Rs 17.4 lakh, which I had purchased in 1989 for Rs 22,000 I would like to know my tax liability on this sale Also, please advise on the available options to save on capital gains tax For now, I have parked the entire amount in two fixed deposits I would appreciate your guidance.Umesh Kumar Jethani Founder, ApkiReturn: You made an LTCG from the sale of your plot in December…...

12+ hour, 5+ min ago (1185+ words) By JEFF PRESTRIDGE, MONEY EDITOR AT LARGE Last week's Budget was a right old horror show: a "30billion tax attack on the hard working and the thrifty. But don't despair. Having absorbed the detail of Rachel Reeves' painful Budget, what is clear is that her assault on our wealth CAN be parried, provided you box clever. It will require you to be organised and set up a financial checklist " a diary even " detailing what is coming your way in extra taxes. You can then prepare for them in ADVANCE " and mitigate their impact. Nerdy? Maybe, but please join the club. I've spoken to many readers over the years who have improved their finances by keeping meticulous records and diarising when key personal finance issues must be tackled. For example, noting down when a special or fixed rate savings deal is coming…...