The new Income Tax Act, 2025 reshapes compliance from 1 April 2026 without changing tax rates. Businesses must realign systems, processes, and teams to avoid transition ...

The Court held that Section 197 applications cannot be rejected mechanically to “protect revenue.” Mandatory factors under Rule 28AA, including past assessments and liabilities, must be examined ...

Income Tax Act rules: For many Indians, selling an asset like gold, land, commercial property or stocks can attract a hefty tax, even if they have held it for years. However, the government lets you ...

Delay in Filing Form 10-B Due To COVID Cannot Deny S.11 Exemption: Andhra Pradesh High CourtCase Title: M/s Amnos Evangelical ...

Plus: Bonus depreciation is back, opening a Trump account, California’s billionaire tax, Head of Household filing status, ...

Plus: Tax refunds, filing for free, car loan interest, Britney Spears goes to Tax Court, snowbirds suffer a defeat, Taxes ...

In a post on X (formerly Twitter) on Saturday, Mr Oyedele claimed that KPMG does not properly understand most of the issues ...

There have been significant tax reforms. Now, the task of policy is to harmonise domestic administration with evolving ...

Taxpayers opting for the old tax regime can continue to claim deductions on donations made to eligible charitable organisations under Section 80G of the Income Tax Act, 1961. To clarify how such ...

Delays in income tax refunds often stem from incomplete processing of returns or from issues identified by the Income Tax ...

A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...

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