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

United Nations member states began negotiating a first-ever treaty on international tax cooperation that could replace the ...

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 ...

The U. S. Supreme Court unanimously decided in E.M.D. Sales, Inc. v. Carrera that the standard of “preponderance of the ...

There is no evidence Bessent made the X post attributed to him. The account shown has been suspended, and no credible news reports support the claim.

President Donald Trump has proposed ending a tax break used by private equity fund managers known as the carried-interest ...

The pause followed a similar move with Mexico that allows for a period of negotiations over drug smuggling and illegal immigration. The 10% tariff that Trump ordered on China is still set to go into ...

Vide Finance Act 2022, taxation of virtual digital assets (VDA) has been introduced in the Income-tax Act, 1961 (‘the Act’), under section 115BBH of the Act in which the transfer of VDA is to be taxed ...

The world is facing an unprecedent challenge of incessant war, tepid economic activity and impeding fear of imposition of tariffs. Amidst these global challenge ...

Summary: Presumptive Taxation under Section 44ADA of the Income Tax Act simplifies tax compliance for Indian freelancers earning from Indian and foreign clients. Freelancers in specified professions ...

Elsewhere in our region, officials in Delaware are monitoring poultry flocks near the Prime Hook Wildlife Refuge after wild birds at the refuge tested presumptive positive for the virus ...

Under the presumptive taxation regime, the tax department presumes a certain proportion of the turnover as taxable income. Presumptive taxation is applicable to small businesses and professionals ...