The Central Board of Direct Taxes has announced changes regarding tax deductions. Settlements under SEBI Act and other ...

The Central Board of Direct Taxes (CBDT) notified that any expenditure incurred to settle proceedings initiated in relation ...

It is essential to inform your employer of your preferred tax regime on time to ensure that less tax is deducted from your ...

The income tax department on Thursday said taxpayers will not be allowed to claim deduction for expenditures incurred to ...

Income Tax Department disallows consent fees under SEBI, SCRA, Depository, and Competition Acts as business expenditure.

Since deadlines to submit salaried returns are now approaching, we will talk about Section 115BAC of the Income Tax Act, 1961. I’ve observed that some deductions are allowed under the new regime. For ...

T deductions for expenses incurred to settle proceedings under SEBI Act, Competition Act & 2 other laws. New rule via Finance ...

Under the old tax regime, individuals and businesses could claim a variety of exemptions and deductions—such as house rent ...

Iowa, and Rep. Blake Moore, R-Utah, are seeking an increase in the child tax credit while scrapping other controversial tax ...

Tax relief is an avenue to explore if you owe more money in taxes than you can reasonably shoulder. One good way to reduce ...

MUMBAI: In what marks a second major victory for a Mumbai resident, the income tax appellate tribunal (ITAT) has ruled in his ...