Is the Bureau of Internal Revenue (BIR) monitoring social media influencers and content creators for income declaration and ...

ISLAMABAD: The federal government is to exempt income of International Cricket Council (ICC) from ICC Champions Trophy from ...

Fell a little short; oh brother; only one hitch; and other highlights of recent tax cases.

Income Tax Appellate Tribunal (ITAT) Pune has set aside a penalty of ₹20,000 imposed on Balbir Kaur Birdie for non-compliance with notices ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Each year, people wonder if they should do their own taxes or enlist a professional. We'll help you decide what to do for tax ...

If the ACA’s enhanced premium tax credits expire, increased premium costs, marketplace instability, and the loss of coverage ...

In the Union Budget 2025, the Finance Minister announced significant changes to the new income tax regime Under the new tax system, people will not have to pay income tax on annual earnings up to Rs ...

Buoyant personal income tax revenue allows tax relief in FY26 budget, according to finance secretary Tuhin Kanta Pandey.

Age Your standard deduction: $14,600 A fixed dollar amount based on your income and tax filing status that reduces the amount you’re taxed on. Consider it tax-free income that you keep before ...

No tax up to 12 lakh is for those who opt for New Tax Regime. For Old Tax Regime and Income above Rs 12 lakh, the tax slabs ...

The dispute began when Interglobe Enterprises declared ₹1.51 crore as interest income in its AY 2014-15 tax return. However, during reassessment proceedings for AY 2012-13, the tax authorities ...