The new income tax bill will carry forward the same spirit of Nyaya (Hindi word for justice) which was carried in Bharatiya ...

If phantom income is not properly analyzed by counsel and the court in a matrimonial case, the result perforce may be ...

Local income taxes can be an important progressive revenue raiser, as they ask more of higher-income households and are ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

The Child Tax Credit (CTC) is a SUPER credit because it can create a $2,000 per child reduction in your tax liability for ...

The Budget 2025 introduces significant reforms in personal income tax, aimed at providing relief to middle-class taxpayers ...

In Budget 2025, reporting entities such as banks and crypto exchanges are now required to regularly report information on ...

The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.

Union Budget 2025 catered to the middle class after much backlash over the year. Presented on February 1, 2025, the finance ...

The best ways to use your tax refund include building an emergency fund, paying off high-interest debt, and saving for ...

The government said it tried to allay the concerns of India's middle class, particularly income tax payers, in the Union ...

3. CIT (A) deleted the addition holding that the discount paid by the assessee to CFSA cannot be held to be interest and therefore, provisions of Section 40 (a) (i) of the Act would not apply.