Reversing lower authorities, ITAT Ahmedabad ruled that the assessee proved genuineness of loans and interest payments, allowing deduction under Section 57 of the Income Tax ...

The High Court issued an interim direction against the CIT (Exemptions) orders that rejected the condonation of significant delays in a charitable trust's Form 10B filing. The ruling provides interim ...

By Joshua Worlasi AMLANU &Ebenezer Chike Adjei NJOKUMore than GH¢22.6billion in tax revenue was lost by the state between April 2020 and August 2025 due to widespread under-declaration of imports and ...

The Kerala High Court has recently upheld the applicability of Tax Deducted at Source (TDS) on interest payments made by primary co-operative societies to their members.Justice Ziyad Rahman A A, ...

James is charged with illegally collecting rental income on a second property. But her contract permits renting, according to ...

The RBI said the redemption price has been determined based on the simple average of closing prices of gold (999 purity) for ...

The following information was released by the New Jersey Department of Banking and Insurance:. Open Enrollment for Get Covered New Jersey, the State's Official Health Insurance Marketplace, kicks off ...

In this week's Ask the Editor Q&A, Joy Taylor answers tax questions on the meaning of modified adjusted gross income, or MAGI ...

The tax brackets you fall into determine how much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there were seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the ...

The IRS refunded $311 billion to taxpayers in 2025—here’s how to cut your tax bill and keep more cash in your pocket next year.

IRS opens PTIN renewal for 800,000 tax pros—those who miss the deadline face penalties, delays, and possible disciplinary ...

President Donald Trump has just announced a trade deal with Chinese President Xi Jinping after months of escalating trade tensions. Trump has repeatedly proposed — and reneged on — plans to impose ...