Finance Minister Nirmala Sitharaman had announced in Budget 2025 that the new tax bill will be introduced during the ongoing ...

Very soon the new Income Tax Act-1961 will be replaced by a new Income Tax Act in the country. For this, the Income Tax ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

Another issue raised was whether disallowance under Section 14A should be added back to book profits under Section 115JB of the Act. The Tribunal noted that similar adjustments had been overturned in ...

The Cayman Islands do not impose taxes on residents. They have no income tax, no property taxes, no capital gains taxes, no payroll taxes, and no withholding tax. A tax haven is any jurisdiction ...

ITAT Mumbai, in its decision on the appeal by the Revenue, upheld the CIT (A)’s order that had partly allowed the appeal of Welspun Steel Limited regarding the disallowance made under Section 14A of ...

FreshSplash / Getty Images Ordinary income is income earned by an entity or an individual that is taxable at marginal tax rates. It can include wages, salaries, tips, bonuses, commissions ...

The issue is whether the capital gains arising from the sale of Bitcoin ETFs should be subject to taxation under Section 115BBH, Section 50AA, or Section 112 of the Indian Income Tax Act, 1961. Getty ...

The upcoming months will likely see a clash of ideologies that will define the future of diversity efforts for years to come. US President Donald Trump through an executive order declared on ...

Ireland faces a fresh threat to its income from American multinationals ... Washington intends far-reaching challenges to global tax rules. [ Ireland risks being caught in the middle of Trump ...

The government has proposed draft e-commerce guidelines, "E-commerce – Principles and Guidelines for Self-Governance," emphasizing consumer protection. Prepared by the Bureau of Indian Standards ...

Changes to the income tax rules now deny income tax deductions related to non-compliant ... Taxpayers must maintain accurate books and records to report rental income and to claim eligible expenses.