ITO before the ITAT Pune pertains to the denial of Foreign Tax Credit (FTC) due to the delayed filing of Form 67. The assessee, a resident taxpayer, had declared an income of ₹28,88,780 for AY 2021-22 ...

The Modi government’s budget for the 2025-2026 fiscal year provides massive subsidies for corporate India, cuts income taxes for a small privileged layer and sharply increases military spending, while ...

The new bill aims to simplify the existing Income Tax Act and one of the key changes introduced in the New Income Tax Bill, ...

The ITAT ruling highlights the importance of proper income assessment and ensures that CPC errors do not lead to unjust taxation. With this decision, the assessee’s appeal was partly allowed, ...

Around four million Brits could be missing out on a tax break worth up to £1,260. Financial experts have urged people to ...

The urban focus in the Union Budget 2025-26 marks a significant step towards strengthening India’s cities as engines of ...

Accredited investors can become the landlord of Walmart, Whole Foods or Kroger — and benefit from regular distributions ...

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

Since the fiscal year 2021/22, various UK tax allowances have been "frozen", which means they no longer increase in ...

Former Massachusetts State Senator Dean Tran was sentenced in federal court for scheming to defraud the Massachusetts ...

Since the fiscal year 2021/22, several UK tax allowances have been "frozen", meaning they no longer rise in line with the ...

A petition was lodged on the Parliament,UK website this week calling for the income tax personal allowance to be raised from ...