Bombay High Court held that grant of approval under section 153D of the Income Tax Act cannot be merely a ritualistic formality. Thus, proceedings u/s. 153A, based on approval u/s. 153D granted ...

This decision of the Administrative Review Tribunal set aside the Taxation Commissioner’s decision and thereby remitted all ...

Despite this, Mr Swinney has repeatedly refused to admit his party has breached the explicit manifesto commitment. He has ...

A state panel on Wednesday gave the go-ahead to a ballot measure that seeks to change Colorado’s flat rate of 4.41% to a ...

Most high earners in 2021 will be about £28,000 worse off in total at the end of the decade from an income tax perspective as ...

ISLAMABAD: The Federal Board of Revenue (FBR) has notified procedures for the clearance and safe, secure transportation of plant, machinery, equipment, and industrial inputs destined for industrial ...

ISLAMABAD: The Federal Board of Revenue (FBR) has imposed a restriction on industrial units located in the tribal areas ...

Tax brackets will shift upward for 2026, meaning more income will be taxed at lower rates before hitting higher tiers. The ...

Distributing $2,000 payments to certain Americans is easier said than done, with several obstacles in the way—including insufficient revenue.

The Delhi High Court held that TDS for non-residents without PAN should follow DTAA rates, not the 20% rate under Section 206AA. The ruling confirms treaty provisions override procedural domestic ...

The government has issued a statement on income tax for state pensioners after the Labour Party Autumn Budget. The State ...

Martin Lewis has issued a warning to millions of workers who will be paying tax for the first time, or paying more tax, ...