ITAT held that once income is accounted in the Profit & Loss statement, further addition by the tax authority is unlawful. The order restores the correct claim of losses and eliminates double ...

Some payslips may display tax codes like 'W1', 'M1', or 'X'. These typically signify 'emergency situations' that occur during ...

A political controversy stung Deputy Chief Minister Ajit Pawar's family last week over a land deal signed by a company owned ...

As the US Supreme Court heard oral arguments in the case challenging Donald Trump’s sweeping use of emergency tariffs, there were a few things that seem to be getting clearer after the nearly ...

Year-end trader tax tips under OBBBA: maximize 2025 deductions, optimize S-Corp wages, use PTET, and plan now to lower taxes ...

The income tax increase, Issue 8, was pushed heavily by city leadership, even picking up key endorsements prior to the ...

The ITAT held that the PCIT incorrectly invoked Section 263 to substitute the AO's plausible view, ruling that a business disallowance under Section 37(1) does not automatically become deemed income ...

Petrol, diesel and electric vehicle owners will face higher Vehicle Excise Duty (VED) bills from this date next year.

Despite a net loss, Rapid Micro Biosystems Inc (RPID) reports strong revenue growth and promising partnerships, setting the stage for future profitability.

Democratic lawmakers deflected questions on why the stock market has had success under President Donald Trump in spite of their dark predictions on the administration’s tariffs.