The Income Tax Department has released revised ITR Forms (ITR-1 to ITR-4) for income received in FY 2024–2025, which must be ...

Kenya to adopt invoice-based tax system for car imports from July 2025, replacing CRSP with document-verified transaction valuation.

Ontario plans to spend hundreds of millions of dollars boosting the province's alcohol sector, including programs to support ...

Buy to let landlords are set to face cost hikes and bureaucratic headaches from the government's Making Tax Digital plans.

The returns for incomes earned during the financial year from April 1, 2024, to March 31, 2025, have to be filed using the ...

Based on its analysis of the timeline, the relevant statutory provisions, and the binding judicial precedents, the Delhi High Court concluded that the impugned notice issued under Section 148 was ...

In 327 days' time - April 6 next year - we will wake up to a new Individual Savings Account (Isa) regime that will look ...

A House bill proposing substantial tax cuts and offsetting them by slashing Medicaid spending is facing resistance in the ...

ITR-1 continues to be for resident individuals with income up to Rs 50 lakh from salary, one house, and other sources. A ...

SMSF trustees need to consider their personal circumstances regarding whether to act now or wait to make changes in light of ...

The tax department has recently notified the Income Tax Return (ITR) forms for the Assessment Year 2025–26, which corresponds ...

No Choice for Non-Residents: A proviso in Section 112 allows resident individuals and HUFs to compute tax at 20% with indexation or 12.5% without for properties acquired before July 23, 2024, if the ...