To foster a more competitive and favourable investment environment for funds and family offices, the Financial Services and Treasury Bureau issued ...

Another issue raised was whether disallowance under Section 14A should be added back to book profits under Section 115JB of the Act. The Tribunal noted that similar adjustments had been overturned in ...

The earned income tax credit and additional child tax credit are “refundable,” meaning filers can claim a refund without tax ...

The first tier tribunal (FTT) has struck out a case concerning top slicing relief, on the basis that it had no jurisdiction ...

HMRC wins appeal against BlueCrest LLP, risking £200 million tax liability. Court rules certain members as employees for tax ...

Observing procedural lapses, ITAT ruled that the penalty appeal should also be reconsidered in light of the fresh adjudication of quantum additions. The Tribunal restored the case to CIT (A), ...

State taxes: Income from municipal bonds issued in the state where the investor resides is usually exempt from state income ...

Court of Appeal finds first-tier tribunal and upper tribunal erred in law when considering wording of condition in relation ...

With the objective of imparting greater transparency, efficiency and accountability, the government introduced faceless assessment and appeal mechanism. The survey results indicate that the ...

Kentucky lawmakers completed their work Tuesday to reduce the state’s individual income tax rate, delivering on a top ...

According to a press release published by the Pennsylvania Treasury, a number of changes have been made to the state’s tax ...

Now that President Trump is back, he made a lot of promises about tax law that he is expected to move forward in Congress.