Commission payments to agents were held genuine for AY 2013-14 and 2014-15. Tribunal directed deletion of disallowances as payments were backed by bank records, TDS, and recipient ...

The IRS released new guidance for no tax on tips and overtime deductions under the One Big Beautiful Bill Act. Eligible ...

The court opined that it cannot be simply assumed that there is no profit accruing from the business of the deceased at the time of the accident ...

The Tribunal held that once sale proceeds are reduced from the asset block under section 43(6)(c), no separate tax can be levied on book profit. The addition was deleted to prevent double ...

Homebuyer gets tax penalty for not correctly calculating his tax exemption claim under Section 54F; ITAT Ahmedabad gives ...

Stealth taxes, changes to pension contribution allowances, a mansion tax and a new levy on electric vehicles are among the ...

The Federal Inland Revenue Service (FIRS) says small businesses will still go through the full tax computation process from 2026, even though they will not be required to pay tax.

Smoothwave Entertainment has launched Taxizi, a new mobile app to simplify tax calculation like PAYE, VAT, and CIT for ...

Yes, the due date for your 2025 federal income tax return is still months away. But the go-getters among us are already thinking about our 2026 federal tax returns. It’s never too early to begin ...

The app provides an instant breakdown when users input their income, allowances and deductions. It also features Tax ...

Income-based Advance Premium Tax Credits (APTCs) were established through the Affordable Care Act (ACA) to make health insurance more affordable ...

Facing delay in Income Tax refund? Know how to check refund status on the IT portal, reasons for delay, processing timeline, ...