Trump's signature tax laws could let millions of Americans pay $0 in federal income tax. Here’s who can eliminate their 2025 bill completely

Altogether, roughly 40% of U.S. households could pay $0 in federal income tax in 2025, according to the Tax Policy Center (1) ...
Tax Guru

Excess amalgamation Consideration Goodwill Depreciable under Section 32

ITAT Mumbai upholds CIT(A) decision allowing depreciation on goodwill created during amalgamation. Revenue appeals dismissed for 2018-19 and 2020-21 ...

How tariffs are eating into export gains from a weak rupee

While a weaker currency usually makes exports more competitive, experts say the impact has been blunted by years of higher ...
Tax Guru

Section 263 Revision Quashed as AO Took Plausible View on Goodwill Depreciation

The AO’s assessment included detailed examination of depreciation, warranty provisions, and Section 80G deductions for CSR donations. ITAT Ahmedabad found that the AO’s conclusions were plausible and ...
The Manila Times

AVANTE CORP. ANNOUNCES RESULTS FOR THE SECOND FISCAL QUARTER of 2026, HIGHLIGHTING 10% INCREASE IN REVENUE AND 73% INCREASE IN ADJUSTED EBIT…

Avante Corp. achieved 10% year-over-year revenue growth in fiscal second quarter ended September 30, 2025, driven by 47% ...

Snowflake: Don't Be Fooled By Non-GAAP Metrics

Snowflake demonstrates impressive growth, strong customer retention, and operates in a high-potential data and AI market. But ...