IRS Section 1245 determines how certain types of property are taxed upon sale. Specifically, it deals with recapturing ...

Alistair Berg / Getty Images A part of the Internal Revenue Code (IRC), Section 1245 taxes gains on the sale of certain depreciated or amortized property at ordinary income rates. What Is Section ...

Considering the gravity of the situation, the high court had initiated a suo moto action on December 17, 2024, highlighting the issues it was facing due to the staff shortage. A report submitted ...