Income Tax Bill 2025 eliminates deduction for inter-corporate dividends for companies opting for 22% tax rate, causing double ...

Under Section 80M of the present income tax law, Indian companies are allowed to deduct dividends received from domestic or foreign companies, as well as business trusts, when these dividends are ...

In the Budget 2025, there have been new income tax slabs introduced in the new tax system. Finance Minister Nirmala ...

On January 17, 2025, news sources reported that Republican members of Congress circulated a detailed list of legislative ...

Nirmala Sitharaman made a historic announcement that there will be no income tax payable for those with an income upto ₹12 lakh.

Around four million Brits could be missing out on a tax break worth up to £1,260. Financial experts have urged people to ...

Introduced in the Union Budget 2020, the new tax regime offers significant reductions in tax rates, but limits the ...

The total revenue impact of major tax incentives for Individual/HUF taxpayers for last five years is Rs 8,69,907.40 In comparison, the total revenue impact of major tax incentives for corporate ...

Iowa lawmakers want to cut Iowa property taxes. But a look at one Des Moines man's example shows other factors are making it ...

The Internal Revenue Service estimated Phillip Mak owed $1.9 million in taxes, interest and fees, said a federal indictment.

A Missoula accountant accused of using clients' income tax payments for his own personal expenses admitted to fraud and ...

The ITAT emphasized that a proper assessment of the agricultural income was necessary before confirming the addition under Section 68. The assessee’s counsel argued that sufficient evidence, including ...