Mumbai ITAT deletes ₹42 lakh 'on money' addition against assessee, citing tax officer's failure to provide cross-examination and lack of independent ...

Mumbai ITAT dismisses appeal against assessee, citing invalid Section 148 notice due to improper sanction and lack of cross-examination in 'on money' ...

Like every year, for AY 2025-26, taxpayers must choose between the new and old income tax regimes when filing ITR. The new ...

The new Senate Tax Bill proposes significant changes to gross income deductions, aiming to reform the tax system and provide ...

Taxpayers should be aware of how adjustments to taxable income imposed under exam may affect the year under exam as well as other open tax years. In contrast to some adjustments made for ...

The Child Tax Credit phases out by $50 for every $1,000 above the income threshold. Question 3: A taxpayer paid $5,000 in tuition for their dependent’s undergraduate education.

Trump says income tax cuts, and perhaps elimination, coming due to tariffs 'Focus will be on people making less than $200,000 a year,' he noted. By Alex Nitzberg Fox News.

As April begins, so does a new financial year. But what’s changing in the world of taxation this time? From revised tax slabs to basic concepts of taxation, here’s everything you need to know. Also, ...

Tax Assistant: Must have a degree or an equivalent qualification from a recognised university. Multi-Tasking Staff: Must have passed matriculation or an equivalent examination. Salary Structure.

In the table below, Phase 6 US and selected state TMD estimates for 2022 are compared with IRS/SOI tabulations of 2022 sampled federal income tax returns. See the Sources section below the table for ...

Currently, the payments received by them from the Board are being subjected to withholding u/s 153(1)(b) (Services rendered), instead of head Salary, under Section 149 of the Income Tax Ordinance ...

The New Income Tax Bill 2025, which aims to replace the Income Tax Act 1961, seeks to simplify and simplify tax rules. (Picture for representational purposes only)(Pixabay) We take a look at some ...