The Republican tax and spending bill cleared an important hurdle Sunday night. As the legislation advances, here are the key ...

During the scrutiny assessment, the AO identified cash deposits amounting to Rs. 6,31,00,000 made during the demonetization period. Citing these deposits and other discrepancies, the AO rejected the ...

This is the case of a person who has filed his return of income under presumptive taxation. He has made certain deposits in ...

Sir Keir Starmer’s former transport secretary has urged him to stage an “economic reset” and rip up tax rules to get voters onside after Reform UK’s success in the local elections.

Kenya’s Finance Bill 2025 is finally here, and the country’s digital economy will see some changes as a result of targeted tax reforms and incentives for local tech manufacturing. Taking effect in ...

The government has notified the income tax return forms 1 and 4 for the assessment year 2025-26, making it easier for individuals with long-term capital gains of up to ₹1.25 lakh from listed equities ...

TDS on FD: If the interest amount in a particular bank is over Rs 1 lakh then TDS is deducted by banks. But if a senior citizen files Form 15H with the bank then he can prevent this TDS deduction if ...

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U ...

It is issued by employers and provides a detailed summary of the salary paid and the tax deducted at source (TDS) during the financial year. As per the income tax rules, employers must issue Form 16 ...

A majority of UK small business owners are concerned about the financial and operational pressures of HMRC’s upcoming ‘making tax digital‘ (MTD) reforms to income tax. MTD for income tax ...

For example, in Iowa, lawmakers are considering how they can rework the state's property-tax rules to lower the burden ... to decide what to do about the income-tax deduction for property-tax ...

The House passed a budget bill proposing federal spending cuts, tax cuts, and increased funding in certain areas. The bill includes a proposal to eliminate federal income tax on overtime pay.