According to CA Dr Suresh Surana, the Income-tax Act, 2025 (ITA 2025) aims to simplify compliance, rationalise procedures and align the tax framework with current economic realities. Several key ...

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 ...

The MCA amended AS 22 to incorporate provisions related to OECD Pillar Two global minimum tax rules. The amendment exempts companies from recognising deferred tax assets or liabilities linked to ...

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

New York lawmakers are putting the pressure on Gov. Kathy Hochul as they include tax hikes for the wealthiest New Yorkers in ...

Mayor Zohran Mamdani says he wants to raise taxes on New Yorkers who earn more than $1 million per year. Some millionaires actually agree with him.

A new study reveals New York has the second-highest tax rates in the US, impacting residents' hard-earned income.

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

The IRS has increased the capital gains tax income thresholds for 2026. You'll need this information to help minimize your tax burden.

More than 1.9 million people are projected to forfeit all or a portion of their tax-free personal allowance during the ...