Tax refund is the amount the Income Tax Department repays to you when the total tax paid by you—through TDS, advance tax or ...

As the ITR filing deadline nears, taxpayers must understand how gold received as a gift—especially during weddings—is taxed. While gifts from relatives are tax-free, those from friends or ...

The FBR Member has categorically denied the claim of a 20.5 percent tax on cash sales transactions above Rs. 200,000, stating ...

ITAT Ahmedabad held that revisionary proceedings under section 263 of the Income Tax Act justified since PCIT correctly observed that the very basis of disallowance of depreciation was on an incorrect ...

Overtime hours and tips are lagniappe for some, but for others, they help them survive. Now, you might not have to pay taxes on either.

ITAT Mumbai held that depreciation of amalgamating company cannot be disallowed merely for non-filing of Form No. 62 which is only directory. Thus, non-compliance of the same would not disentitle the ...

Sales tax exemptions for everything from newspapers to legal services to candy cost the commonwealth billions every year, and at least one top policymaker says he’s open to getting rid of some as ...

Steel Authority of India Limited (SAIL) has announced the appointment of Pranoy Roy as an Independent Director on its Board of Directors. The appointment, approved by the Board on July 8, 2025, ...

The daunting task of working out and paying inheritance tax must be done in the immediate and intense period of grief after a ...

There’s a lot to unpack in the multi-trillion-dollar, 887-page package, from tax breaks and social safety net cuts to billions more for defense, the border wall and deportations. The Press Democrat ...

A Spanish court yesterday sentenced former Real Madrid manager Carlo Ancelotti to a year in jail for tax fraud committed in ...

Debt experts have explained the urgent action you need to take immediately after MPs passed a bill to reform the benefits ...