SC Ways and Means Chairman Bruce Bannister's bill cuts taxes by $400 million in year one, reducing top rate from 6.2% to 5.39 ...

A Q&A on the potential 2026 estate, gift, and generation-skipping transfer (GST) tax changes and how counsel should approach ...

Cuttack: Orissa high court has held that income of individual legal practitioners is exempted from service tax levy, while ...

Introduction: It has been seven and a half years since GST was introduced in India . Despite several Circulars and Press releases issued by the Authorities, there are a few misconceptions in ...

A Bengaluru professor has made a case for taxing the IPL, saying the billions generated by the cricketing extravaganza could ...

WASHINGTON—President Trump keeps suggesting that tariffs can replace income taxes for most Americans. One big problem: The ...

There has been a tremendous increase in the number of income tax notices issued to taxpayers in India in recent months. These ...

You agree that we have the right to suspend your account without notice. Please note some users may not behave properly and may post content that is misleading, untrue or offensive. It is not ...

Aussies are paying a larger proportion of the nation’s tax bill, but there’s a silver lining to the increasing tax burden.

Rule 86B imposes a restriction on the utilization of Input Tax Credit (ITC) by mandating that registered persons whose taxable turnover (excluding exempt and zero-rated supplies) exceeds ₹50 lakh in a ...

The government has refuted claims of imposing GST on UPI transactions exceeding ₹2,000, dismissing them as baseless. The finance ministry clarified that GST applies only to charges like MDR ...

Amid circulating claims on social media, the Centre has firmly denied reports that it is planning to impose GST on UPI transactions over Rs 2,000. The Ministry has clarified that such claims are ...