The Federal Inland Revenue Service (FIRS) says small businesses will still go through the full tax computation process from 2026, even though they will not be required to pay tax.

ITAT Jaipur ruled that ₹52.78 lakh added under Section 68 for demonetization-period cash deposits was unsustainable, citing reliable books of accounts and factual ...

Explore the latest NRI capital gains tax rules under the Finance Act, 2025, including rates, asset classifications, and strategies to minimize liability through exemptions and ...

TOKYO -- The Tokyo Metropolitan Government is eyeing the introduction of a 3% accommodation tax on hotel stays across the board, Nikkei has learned, with the aim of taking in more revenue from ...

Many employees think they would fare better financially as consultants due to tax benefits. How far is this correct? What are ...

The Supreme Court is reviewing a challenge to the Income Tax Act allowing anonymous cash donations under ₹2,000 to political ...

An income tax notice is an official communication from the tax department highlighting discrepancies, missing information, ...

Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to release remaining refunds, ...

Nineteen new banks are now authorized to offer Capital Gains Account Scheme Services. This expansion provides more options ...

A senior citizen successfully appealed to the ITAT Bangalore, securing partial relief in a tax dispute over the sale of a ...

Itsunori Onodera, chair of the LDP's Tax System Research Commission, said it was 'natural' to link the income tax threshold ...

T Return forms simple to ease compliance under the new law, which replaces the six-decade old Income Tax Act, 1961 ...