ITAT Chennai held that where unaccounted purchases are found and the corresponding sales are not doubted, only the profit element embedded in such purchases can be brought to tax, and not the entire ...

ITAT held that the appellate authority wrongly dismissed the appeal under Section 249(4)(b) as there was no advance tax liability under Section 209. The matter was remanded for fresh adjudication on ...

The state of New Jersey has implemented what appears to be a last-ditch effort to prevent seniors from leaving the state: ...

A bill to require proof of citizenship would inconvenience voters - and disenfranchise some - to solve a virtually ...

A “tax the rich” labor leader from First Hill will take on arguably the most politically powerful — and experienced — ...

The proposed regulations explain how to open the accounts, who can request the federal $1,000 pilot contribution, and how the ...

Republican Senator John Cornyn got a firsthand lesson in why the SAVE Act, backed by President Donald Trump, would suppress ...

President Trump, in a rally-like speech in Kentucky, stressed familiar talking points on the economy, highlighting tax cuts and economic growth. He also boasted about the stock market, which has ...

An individual tax return is a government form that reports all income for the previous year and any taxes due on it.

Sen. Cory Booker has introduced legislation that would make the first $75,000 of income tax-free for many Americans, marking one of the most sweeping middle-class tax cut proposals currently ...

The two of them played this council like a fiddle, and googly eyes for Costco made it easy,’ said an opponent to the deal.

The president has warned Republicans that losing the midterms will be "big trouble" and has pushed for legislation that would severely restrict voters' access to the polls ...