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10 Things Taxpayers Must Know About the ₹12 Lakh Tax-Free Claim After the Budget announcement in the last year, many taxpayers started celebrating the arrival of a “tax-free ₹12...
Ah, I understand. You receive a tax credit say 65€ not a reduction in your taxable income of 100€ which is then taxed at your marginal income, say 30% so the tax credit is greater...
David I think George and Larkswood have explained that you should NOT put anything in 1AT. larkswood12: 1AT = pension lump sums wholly taken in one go - I don’t think you have...
If you file online, it’s now incorporated in the main tax form 2042. If nothing has changed, you don’t need to add any information. They almost certainly have your details from las...
JaneJones: didn’t do our normal charitable donation … now have to pay that and more to the fisc. I’m a bit confused here, you are being charged +100% tax on the income you didn’...
Celia0703: I’m not sure what you mean by choosing your tax rate. I mean you have the choice of paying a flat rate 12.8% tax on interest or having it added to the regular income...
Our tax return (before tax prepaid) was estimated at just over €1900 and since I have entered the interest it has increased to just over €4100 an extra €2200 which in my reckoning...
A retired ONGC employee’s ₹19.06 lakh leave encashment claim was reduced to ₹3 lakh by the tax department. ITAT Chennai has now ruled in his favour.
David_Spardo: @George1 thanks to you too, and I’ll clear up the unclear. I have 3 UK pensions all paid into my UK bank account plus a ludicrous amount of interest (£9.18) which I...
David_Spardo: @George1 thanks to you too, and I’ll clear up the unclear. I have 3 UK pensions all paid into my UK bank account plus a ludicrous amount of interest (£9.18) which I...
@Celia0703 @George1 Hi, sorry to be late - I’ve been doing my French homework! Celia, unless you are accessing the impot website via google translate or something similar, I concur...
The Bangalore bench of the ITAT (Income Tax Appellate Tribunal) stated that the tax credit refusal only on the basis that it was not availed in the original income return is unsust...
HMRC tax code changes 2026 strip employment expenses and Gift Aid relief from PAYE codes from April. Check your code now to see if you’re owed a refund. The post HMRC tax code chan...
How is the donor’s tax on cash donations filed and paid? Can cash donations be claimed as a deductible expense?
How is the donor’s tax on cash donations filed and paid? Can cash donations be claimed as a deductible expense?
If one’s income is over the “free” threshold, there is another helping-hand available. According to one’s marital situation, on low income the tax applicable is discounted up to a...
It has been reported that UK taxpayers have paid £153.7 billion in tax and National Insurance (NI) in May 2026. This is £9.8 billion more than was paid this time last year, as froz...
Mumbai ITAT grants capital gains tax relief to a taxpayer who filed his Income Tax Return late. The tribunal ruled that reinvesting gains into a new property before a belated retur...
And best to get something in, even if you think it’s wrong. You can correct later. PS. Got a slightly nasty shock about tax due. We were felling a bit strapped at end of 2025 y...
Here you go. ‘Bercy’ letter re non taxation of American income in France..pdf (1.8 MB) Halfway down page 2 is the relevant part.
HMRC has started writing to people whose employer may have deducted too much Class 1 National Insurance in error, telling them they […] The post National Insurance Refund Claims Mo...
Certain taxpayers with IRS online accounts can file a Kwong-related refund claim on Form 843 through a new secure application before a Friday deadline.
For many taxpayers — especially those with variable, limited or short-term tax capacity — credit transferability provides a practical and effective solution.
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