New Delhi: If your savings account maintains a high balance despite low expenses, the Income Tax Department may ask you to ...

ITAT Kolkata held that gifts received from a brother-in-law are exempt under Section 56(2)(vii), as the relationship qualifies as relative for tax ...

If a death benefit is going to a dependant, like a spouse or minor children, then it can be paid as an income stream or as a ...

Nigel Green described Ms Reeves' first Budget as "one of the toughest in years," warning it has left the Chancellor with ...

Mr Speaker, today I present a fantasy Budget – one unconstrained by the political caution that too often holds back certain ideas. This is not about ...

The tax body has launched a review of its decision to remove around 23,500 claimants of child benefit, as HMRC said it will ...

High-net-worth-individuals (HNWIs) are taking tax-free pension cash and changing investment strategies to prepare for the ...