The Tribunal emphasized that the test under Section 57(iii) is one of purpose and connection. As the assessee demonstrated reasonable nexus between borrowings and interest income, the deduction was ...

SINCE publishing the results of a study of the consumer-demand for milk among 300 poor working class families in Leeds 1, an analysis has been made of data relating to household income and food ...

The difference between income and expenses is simple: income is the money your business takes in and expenses are what it spends money on. Your net income is generally your revenue, or all the money ...

The Personal Consumption Expenditures report, or PCE, for February will come out at 8:30 AM EST this morning (in 15 minutes) and the markets will quickly take their cue from that.I don't really have a ...

The new Act adopts a broad definition of income, covering salary, capital gains, perquisites, subsidies, and windfalls, ...