ITAT Delhi ruled that validly filed Form 10-IC ensures eligibility for Section 115BAA concessional tax rate. Key takeaway: timely filing secures lower corporate tax in subsequent ...

A petrol pump owner declared Rs 37 lakh income on Rs 37 crore turnover. He received a tax notice for Rs 14 lakh cash deposit.

Gujarat High Court ruled that reassessment beyond four years is invalid when no new material or failure of disclosure exists, terming it a mere change of ...

"No one should have to spend a fortune on a lawyer or hours trying to figure out what went wrong on their taxes when the IRS ...

After the Commercial Clean Vehicle Credit (Section 45W) expired on September 30, the “experts” rushed out predictions of an EV sales slowdown in Q4. But, with over 6,800 pages in the Internal Revenue ...

The decision to stop double taxation on housing and social health insurance levies contributed to a shortfall in the collection of income tax by Sh32.1 billion by the Kenya Revenue Authority (KRA) in ...

The Central Board of Direct Taxes (CBDT) has released a circular (13/2025) wherein certain benefit has been given to those who claimed Section 87A tax rebate for special rate income like short term ...

WASHINGTON (Gray DC) - A group of Democratic lawmakers is taking on the ultra-wealthy, proposing a bill that would require them to pay what they owe. Senate Finance Committee Ranking Member Sen. Ron ...

Senate and House Democrats proposed a bill aimed at ensuring billionaires pay a "fair share" of taxes, without actually raising their tax rate under current law, while Republicans advanced tax ...

A new study by the National Bureau of Economic Research (NBER) reveals that America’s wealthiest billionaires pay a lower share of their income in taxes than most workers and even less than the ...

Please provide your email address to receive an email when new articles are posted on . Now that we have clarity related to tax rates for the near future, it is an opportune time to review retirement ...