Tax free weekend is coming up in Massachusetts. It's a popular time for shopping because the state's 6.25% sales tax is waived for most retail items, though there are some notable exceptions. Here's ...

The Bombay High Court ruled that a son was not required to pay income tax on the sale of his late mother's Mumbai flat, even after purchasing seven houses in Pune with the proceeds. This decision ...

Texas’ tax-free weekend (Aug. 8–10) lets you save on most clothing, shoes, backpacks, and school supplies under $100. Jewelry ...

Diapers are included in the tax-free weekend—but in Texas, they are always exempt. Since 2023, products like diapers and ...

Trump amps up threats of higher duties, citing China's purchase of Russian oil. China defended its Russian oil buys, with the ...

ITAT Nagpur remands Gayatri Gram's 80G exemption appeal, instructing CIT(E) to reconsider a fresh application after initial ...

During the annual tax free weekend, eligible items for personal use and worth under $2,500 are not taxed the typical 6.25%.

Bombay High Court held that the expression ‘a residential house’ in unamended Section 54(1) of the Act includes more than one residential house. Thus, sale proceeds of one residential house used for ...

US President Donald Trump has announced a 35% tariff on Canada from 1 August. He also announced new tariff rates for dozens of countries that will come into effect on 7 August. Since returning to ...

If your loved one was generous with gifts then unless they kept good records you might have to turn detective when filling in ...

Tax Foundation CEO Daniel Bunn does not think legislation to either lift the capital gains exemption cap or to remove capital gains on home sales entirely is likely.

What You Need To Know Earlier this week, President Donald Trump said he is “thinking about” ending the capital gains tax on home sales While many in the real estate industry say eliminating the tax ...