As Budget 2025 draws near, middle-class taxpayers are looking forward to possible income tax revisions that could provide ...

Moreover, the tribunal addressed the issue of immunity sought by DACSS Granites Pvt. Ltd. under Section 270AA (2) of the Act. Despite a belated filing of Form-68 for immunity, the ITAT referred to ...

If any liability towards unpaid expenditure is incurred by a person in a year and paid by such person in any subsequent year, ...

The review petitions were filed by the petitioners seeking a reconsideration of the court’s earlier order, which set aside an order by the Income Tax Settlement Commission (ITSC) that had granted ...

Explore sector-wise expectations from the Union Budget 2025. Learn what industries like agriculture, healthcare, education, ...

The 67 page Bombay High Court judgement says yes taxpayers should be given the option to file their ITR with Section 87A ...

Affordable housing has been the focus of India's real estate policy in recent years. However, the absence of certain ...

The Union Budget 2025 presents a crucial opportunity to streamline and simplify TDS and TCS rules, enhancing clarity, ...

Good tax planning not only minimises tax liability but also helps in achieving financial objectives. Under the Old Tax Regime ...

The Internal Revenue Service has released new guidance, Rev. Rul. 2025-3, clarifying the application of Section 530 of the Revenue Act of ...

Saba Capital Income & Opportunities Fund (NYSE: BRW) (the “Fund”), a registered closed-end management investment company listed on the New York St ...

Seyi Alade, Director of Legal Services at the Lagos Inland Revenue Service (LIRS). In this exclusive interview, Alade ...