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 ...

Gov. Ferguson called the session successful, pointing to investments in housing and infrastructure and the adoption of a new tax on income above $1 million.

Courts have held that lump-sum alimony received under a divorce settlement is a capital receipt outside the scope of taxable income. However, periodic maintenance payments remain taxable in the ...

Sameerah Munshi also said her decision was in protest of a fellow committee member being fired after arguing that being ...

Scores of people with enormous wealth are paying relatively little, if anything, in taxes. Billionaires — and those with ...