ITAT Ahmedabad held that law doesn’t require brought forward additional depreciation from preceding year to be set off against opening WDV of the assets. Thus, revision u/s. 263 of the Income Tax Act ...

North Dakota will lose 9-10% of its income tax revenue thanks to the One Big Beautiful Bill, something lawmakers were largely ...

As per the circular, the deadline has been shifted from 30 September 2025 to 31 October 2025 for assessees falling under ...

Congress did not simply extend the Tax Cuts and Jobs Act provisions starting in 2026 with the One Big Beautiful Bill Act; it also modified some of those provisions effective in 2025.

Explores how India's tax code uses concessions, exemptions, and deductions to achieve public policy goals, aligning with constitutional directives and social ...

Stealing her age; unmade in the U.S.A.; bad company; and other highlights of recent tax cases.

Non-profits in New York can lose property tax exemptions if they lease to for-profit entities or if lease income exceeds ...

Capital gains are taxed in the taxable year they are "realized." Your capital gain (or loss) is generally realized for tax purposes when you sell a capital asset. As a result, capital assets can ...

I-T department opposes actor Vijay's plea against ₹1.5 crore penalty for undisclosed income, ongoing legal battle.

Income-seeking investors should consider holding blue-chip dividend stocks in a TFSA ( Tax-Free Savings Account) to benefit from a passive-income stream. In addition to steady dividend income, ...

The passage of the One Big Beautiful Bill Act (OBBBA) marks a pivotal moment for the franchise industry. With sweeping tax ...