However, it observed that mere suspicion or assumption of payment could not justify an addition, especially in the absence of concrete evidence linking the amount to undisclosed income. Relying on CIT ...

ITAT Bangalore held that delay in cash deposits, during demonetization, due to unforeseen circumstances like laxmi pooja and staff vacations post deepavali doesn’t imply fabricated income or an ...

If you want to reduce your tax bill, you have to think like a millionaire. A recent article on Robert Kiyosaki's website explained that the rules of money are often skewed in favor of the ...

By avoiding abrupt policy shifts or tax rate changes, the bill focuses on a predictable fiscal environment for businesses and ...

James Fishback, the CEO of investment firm Azoria Partners, sees a way for every US tax-paying household to get a check ...

BENN STEIL is a Senior Fellow and Director of International Economics at the Council on Foreign Relations. He is the author of The World That Wasn’t: Henry Wallace and the Fate of the American Century ...

The trial of Frank Butselaar, who pleaded guilty to tax fraud, lifted the veil on the murky world of celebrity accounting ...

Howard Lutnick supports Trump’s plan to abolish the IRS and shift taxation to tariffs, sparking debates on economic impact.

Governors and lawmakers in some of the fastest growing states are now pursuing tort reform for the same reason the seek to ...

Today, congressional Republicans are pushing tax reform proposals that would cost the country over $5 trillion and would ...

Late last year, the Office of the State Comptroller (the “OSC”) estimated that sales and use tax receipts would increase by 2.3% in the SFY ...

Joseph J. Thorndike examines how tariff policy in the 19th century slowed the introduction of the modern income tax.