This will increase the burden of compliance on the part of the assessees and simultaneously increase the burden of the Income Tax Department also in monitoring the same. Many firms do not have TAN 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 ...

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

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 ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

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 ...

Elon Musk's growing power and unprecedented access to sensitive payment systems are raising concerns about tax season impacts.

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 ...