The Indian government is forming a high-level panel to integrate Income Computation and Disclosure Standards (ICDS) with Indian Accounting Standards (Ind AS).

The Tax Court determined that W-2 wages that are not deductible under Sec. 280E in calculating taxable income are not included when calculating the Sec. 199A qualified business income (QBI) deduction.

Income from transfer of cryptocurrencies, NFTs, and other virtual digital assets is taxed at a flat 30% rate under Indian tax law. The framework also restricts deductions and disallows set-off of ...

Mithilesh Reddy of Steadfast Business Consulting outlines how the qualified domestic minimum top-up tax is reshaping ...

Returning NRIs must understand RNOR to ROR tax transition, Schedule FA disclosure, foreign income reporting, and FEMA rules to avoid costly mistakes in first Indian tax return.

The 2025 Act restructures and renumbers sections across all five heads of income. Understanding the old-to-new section comparison is essential for accurate interpretation from FY ...

TrustCapital is a fintech software platform that gives clients 24/7 access to buy and sell cryptocurrencies and precious metals through Premium Custody Accounts, Tax-Advantaged Crypto IRAs*, and ...

The institute called on the IRS and the US Treasury to use their authority under section 6654(e)(3)(A) to grant penalty ...

Most optimization efforts target the cloud bill—not the architecture driving the bill. Until organizations address these bottlenecks, the tax will likely only grow.

After 16 years of tax disputes, the Provincial Government of Cebu is set to collect P211.56 million from Apo Land and Quarry Corporation under a compromise settlement, lower than the original P1.218 ...

There are many ways that individuals can be subject to IRS tax penalties. The point of this column is to identify some of ...

The Office of the Governor has defended the proposed P211.56-million compromise agreement with Apo Land and Quarry Corporation (ALQC), stressing that entering into settlement agreements to resolve ...