ITAT Hyderabad held that denial of credit for Foreign Tax Credit merely due to delay in filing of Form 67 not justified as Form 67, although belatedly, was filed before the AO passed order u/s 143(3) ...

The Allahabad High Court upholds quashing of search assessment for Subodh Agarwal, affirming that mechanical Section 153D approval for multiple cases is ...

SAT dismissed the appeal filed by Infrastructure Watchdog against Smartworks, its promoters, SEBI, among others, due to lack ...

President Donald Trump signed into law the spending bill that will bring significant changes to the United States, including no tax on overtime.

As per Chartered Accountant Mayank Mohanka, "CBDT has notified 30.04.2025 as the last date, on or before which an applicant can opt for settling its income tax appeal, pending as on 22.7.2024 ...

Part B’s standard monthly premium in 2023 is $164.90 for individuals earning $97,000 or less; it’s $194,000 or less for joint filers. Anyone whose income exceeds those thresholds pays a higher ...

United Way Free Tax Prep helped MidSoutherners secure over $11,000,000 in refunds last and saved clients over $2,100,000 in tax preparation fees. The average refund was over $1,600 and EITC was ...

LANSING — A coalition of business groups and Republican lawmakers appealed to the Michigan Supreme Court Monday, arguing a one-year reduction in the state's personal income tax rate should be ...

Lansing — A judge upheld this week decisions from top Michigan officials that a drop in the state's personal income tax from 4.25% to 4.05% for 2023 will last for one year and isn't guaranteed ...

Indeed, the top marginal state income tax rate, as of Jan. 1, for individuals in New York is 10.90%. Connecticut’s top rate is 6.99% and New Jersey’s is 10.75%, according to the Tax Foundation.