Deferred revenue liabilities must be carefully considered in conjunction with taxable asset sales, contributions to capital, and classification elections.

Sources within the Ministry of Finance and the National Board of Revenue (NBR) indicate that industries producing mobile phones, electronics, home appliances, toiletries, LPG cylinders, elevators, ...

The charges against the owner of Sophy Jewelers will advance to court after a hearing Thursday in Magisterial District Judge ...

President Donald Trump’s “One Big Beautiful Bill Act,” which narrowly passed through the House of Representatives early ...

Speaker Mike Johnson (R-La.) told The Post that the party wants Americans to “feel the effects” of Trump’s agenda ahead of ...

The House launched debate before midnight and by sunrise the vote was called, 215-214, with Democrats staunchly opposed. It ...

House committees have been laboring for months to draft the legislation, which Republicans have labeled “THE ONE, BIG, BEAUTIFUL BILL,’’ a nod to Trump himself. Speaker Mike Johnson is pushing to ...

Step 4: Select the appropriate tax type, such as income tax or advance tax, and enter the relevant payment details, including any surcharge, interest, or penalties. Step 5: After reviewing the ...

In essence, the taxpayer makes an advance income tax payment through the withholding agent, which is creditable against the income taxes due. Because of the high rates of withholding taxes ...

The advance tax deadline is nearing and taxpayers with an income tax liability exceeding Rs 10,000 must pay advance tax by December 15. This "pay-as-you-earn" tax applies to individuals ...