The ITAT held that provision for dealer incentives under a sales promotion scheme was based on a scientific method and not a contingent liability. The disallowance made by the tax authorities was ...

ITAT Mumbai held that deduction under Section 80JJAA cannot be allowed when not claimed in the original return of income. Section 80A(5) bars such belated claims raised for the first time before ...

As of the 2025 tax year, 16 states and the District of Columbia offer some form of child tax credit, ranging from nonrefundable deductions to fully refundable credits that can generate refunds even if ...

These red flags may include commingling business and personal income and expenses, claiming unqualified dependents, or trying ...

Plus: “No tax on tips” gets more complicated, Taxing Social Security benefits, tax season filing statistics, Taxes From A to ...

Gov. J.B. Pritzker wants $589 million in business-focused tax hikes. That would endanger Illinois’ long-term economic ...

Nigeria’s tax reforms are capturing more everyday transactions, from bank transfers to digital subscriptions, potentially ...

Governments of all stripes come up with new and unpleasant ways of making our lives a misery. As a former MP, now a member of ...

The House Finance Committee recommended two key bills Wednesday sought by Gov. Patrick Morrisey, amending his 10% cut to ...

The Supreme Court remands Tarbela Steel Re-Rolling Mills’ WHT case back to the tax officer, stating tax obligations depend on the location of transactions in former tribal areas.