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Who is responsible to file and pay income tax after death?

According to section 159 of the Income Tax Act, 1961 (Act), if a person dies, then his legal representatives shall be liable to pay any sum which the dece...

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Knowledge Base

Latest insights and tutorials from the The Daily Horizon team.

How do you announce you are divorced?

Divorce Announcement Guidelines Make a Private Announcement to Immediate Family. Consult Your Ex-Spouse. If Possible, Write the Announcement Together. If ...

What happens to student loans when you go to medical school?

Many medical school graduates choose deferment for federal student loans during their medical residency, thereby pausing repayment. Yet their unsubsidized...

What happens to your credit if you foreclose on a house?

A foreclosure entry typically appears on your credit report within a month or two after the lender initiates foreclosure proceedings. The entry remains on...

Can I claim money if made redundant?

Claiming benefits If you’ve been made redundant or been told that you will soon be made redundant, there are 3 main types of financial support that could ...

Where can I find a manufacturer for my product?

There are ample manufacturers that produce a wide range of products of varying quality. For example, high-quality IoT technology products, as well as chea...

Is it possible to buy a vacation home?

Anecdotally, people seem to be snapping up vacation homes. “We are seeing a surge in searches for second homes,” says Alison Bernstein, founder and presid...

What were the first Internet websites?

The first website was created in August 1991 by Tim Berners-Lee at CERN, a European nuclear research agency. Berners-Lee’s WorldWideWeb browser was made p...

Do you have to file 1099 if paid with a credit card?

Payments made with a credit card or payment card and certain other types of payments, including third-party network transactions, must be reported on Form...

How do you prepare a cash budget statement?

Here are the steps to prepare your own cash flow budget: Find the right tool. Set a time frame. Prepare a sales forecast. Project cash inflows. Project ca...