The government announced a massive income tax relief in a bid to stimulate consumption in the economy, while also staying ...

Observing procedural lapses, ITAT ruled that the penalty appeal should also be reconsidered in light of the fresh adjudication of quantum additions. The Tribunal restored the case to CIT (A), ...

The government has reported a rise in direct tax collections and foreign investment inflows following corporate tax rate reductions, effective from AY 2020-21 (except the pandemic-affected FY 2020-21) ...

The Sindh Cabinet approved the Agriculture Income Tax law during its meeting, proposing that agricultural income up to Rs600,000 annually will be exempt from tax, while the maximum tax rate for income ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday. She announced no income tax on ...

The Income Tax Dept is sending SMS to taxpayers who donated to political parties and had claimed section 80GGC deduction.

Section 80GGC allows taxpayers to claim deductions for contributions made to eligible political parties and electoral trusts. This deduction aims to encourage political funding.

A month before IRS Commissioner Danny Werfel resigned Jan. 20, he announced a plan to get stimulus cash to 1 million ...

So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...

The Budget documents make disclosures about the govt’s off-Budget borrowings. It contributes to fiscal transparency and ...

If India fails to achieve the required growth in the next 22 years, an ageing, slowing population growth will rob it of growth potential.

Here are five economic forces that could shape the first year of Trump’s presidency: Whipping inflation is easier said than ...