Income Tax Act 2025 to Take Effect from April 1, 2026: Major Changes for Taxpayers India’s direct taxation system is set to ...

Pretax earnings refer to a company's income after all expenses have been deducted from total sales, but before income taxes have been subtracted.

The Income-tax Act, 2025 reorganises the capital gains taxation framework while retaining the core principles of the earlier law. It clarifies definitions, holding periods, and tax treatment of gains ...

A Place for Mom reports some assisted living expenses may be tax-deductible if they exceed 7.5% of AGI, excluding nonmedical ...

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what ...

The Income-tax Rules, 1962 have been amended by the Central Board of Direct Taxes (CBDT) in a notification dated March 5, 2026.

Now banks and financial institutions will collect and report more detailed information from you under amended Income Tax Rules, 1962; Know how it impacts you ...

The Goods and Services Tax (GST) is a value-added tax levied on most goods and services sold for domestic consumption.

The taxation of royalties had not changed, even with the amendments introduced by the Capital Markets Efficiency Promotion Act (CMEPA). Yet to some, there is confusion. To provide clarity, let me ...

The government has amended the Income-tax Rules to widen financial account reporting, bringing crypto assets, central bank ...

Supreme Court emphasizes the need for robust tax laws to tackle evasion, addressing concerns over search and seizure procedures.

The court held that a retracted statement by a trustee alleging capitation fee collection cannot justify tax additions without corroborative evidence. In the absence of proof from students or ...