The Tribunal held that estimating profit at 20% of turnover in a milk trading business was arbitrary and unsupported by industry realities. It restricted the gross profit rate to 5%, recognising ...

The Finance Bill, 2026 clarifies who can issue notices under sections 148 and 148A. It confirms that only jurisdictional Assessing Officers, not faceless units, can conduct pre-notice ...

Kerala's finance minister calls the Union Budget "disappointing," citing unmet demands for key projects and cuts in grants, ...

New files reveal extensive talks between disgraced financier and key decision makers at US private capital firm ...

It's almost tax season! And the number one question we see every year is: when can I expect my tax refund? Most taxpayers ...

Learn how to launch a 501(c)(3) not-for-profit by covering key areas such as IRS compliance, governance, board structure, ...

The Finance Bill 2026 introduces retrospective amendments to the Income-tax Act, 1961, addressing key court rulings. These ...

Data tracking Sensex movements on Budget Days over the past two decades show that the 2026 Budget ranks as the fourth-worst Budget Day performance in percentage terms. The absolute point decline of ...

Personal finance expert tells people to estimate tax owed and pay immediately to avoid £100 fine and 7.75% interest charges on unpaid tax ...

HMRC explained that people can begin their tax return, save it and return to it as many times as needed before submitting it. Once submitted, the bill doesn't need to be settled immediately, but must ...

The SALT cap increases to $40,000 for 2025 — up from $10,000 in 2024. The maximum deduction phases down at higher income ...

Budget 2026 announces a fiscal deficit of 4.3% of GDP for FY27, reflecting ongoing fiscal consolidation efforts by the ...