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 ...

India further cautioned against unilateral climate-related trade measures, such as carbon border taxes, warning that they ...

U.S. hospitals receive nearly $40 billion each year in tax benefits through their nonprofit status, yet are coming up short ...

Naperville is moving to shut a gap in its 1% Food & Beverage Tax that has allowed drive‑thru‑only spots and some mobile ...

The Supreme Court began its highly anticipated consideration Wednesday of President Trump’s sweeping blanket tariffs.

Tax season is approaching. Tax breaks that were extended as part of President Trump's "One Big Beautiful Bill" will mainly ...

A religious camp faces the Fairbanks North Star Borough in the state’s high court amid a seven-year-old dispute.

Rights and obligations of an agreement pursuant to which the taxpayer paid a “break fee” terminating a proposed merger were in the nature of services, the court held, denying the IRS’s ...

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

Rachel Reeves is unlikely to raise the basic rates of income tax and national insurance in order to avoid breaking a promise to protect "working people" in the budget. It comes as Sky News has ...