The Gujarat High Court quashed CBDT’s rejection and condoned delay in Sysco Industries’ income tax return filing, holding that insolvency and fire caused genuine ...

Despite recording an increase in the number of tax filers and achieving a notable rise in the tax-to-GDP ratio, Pakistan's taxation system remains riddled with structural weaknesses and chronic ...

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the meaning of modified adjusted gross income, or MAGI ...

Gujarat High Court held that non-filing of Income Tax Return as ignorant about deduction of TDS on account of land acquisition reasonable. Accordingly, delay condoned and petitioner allowed the file ...

Sir Keir Starmer and Rachel Reeves will face a cabinet backlash if the chancellor breaks Labour’s manifesto pledge and raises income tax in the Budget later this month.

Section 80C allows individuals and HUFs to reduce taxable income by up to Rs 1.5 lakh by investing in specified tax-saving ...

A new law provides a $6,000 extra deduction for taxpayers 65 and older. Learn who qualifies, the income limits, and how to ...

Uk stands threatened as it's elite population depart amid unfavorable tax conditions, making countries including UAE and ...

The clock is ticking on year-end tax planning. Here are some steps to take now to lower your tax bill before filing next spring.

Proactively reviewing your health coverage, RMDs, and IRAs can lower retirement taxes in 2025 and 2026. Here’s how.

The rule has limitations, and the IRS has yet to provide clear guidance on how companies should report qualified overtime compensation.

A new SmartAsset analysis shows that taxpayers in some states will end up with much bigger savings than others. Read on to ...