Many investors believe that tax-free long-term capital gains also mean they can skip filing an income tax return. Experts say the ₹1.25 lakh exemption under Section 112A only determines tax liability, ...

The IRS typically can collect back taxes for up to 10 years, with some exceptions. The latest data from the IRS show that ...

Governor criticizes energy expert as biased, others defend him as sound and scrupulous. Amid Gov. Josh Green’s push to bring ...

The ATO has asked taxpayers not to rush to lodge claims until late July, after the agency had said it had to adjust nearly ...

Tax Notes reporter Elodie Lamer and freelance reporter Matteo Rizzi discuss paying taxes in Greece and Italy and how the ...

Plus: It’s Supreme Court opinion season, more on claiming a parent as a dependent, Social Security solvency, state tax ...

Explains how Section 87A rebate and marginal relief operate above Rs. 12 lakh under the new tax regime for FY 2025-26, with calculation ...

Rushing tax planning, however, means you could miss an opportunity or make an error that sees you paying more than you need ...

Athletes from countries across the globe competing in the World Cup may be going home with an unwelcome prize this year: a hefty tax bill from the United States.

A company has signed a supply contract with a vendor at a fixed price. The vendor raises a tax invoice on which GST is ...

The income tax department has identified 15,000-20,000 cases of taxpayers using swapped provisions to reduce taxable income.

The article explains why small residential builders should be classified as promoters or contractors before applying GST, with rates depending on the nature and timing of the ...