The Supreme Court yesterday (on February 12) held that though after the amendment of Section 8(5) of the Central Sales Tax ...

Rs 1 lakh TDS threshold for senior citizens on fixed deposit interest reduces procedural hassles but doesn't exempt them from ...

The Supreme Court ruled that the Maharashtra government cannot demand a refund of exempted sales tax from companies like ...

As more states embrace sales tax exemptions for coins and bullion, legislative efforts continue to shape the marketplace.

The Bureau of Internal Revenue issued Revenue Regulation (RR) 4-2025, which introduced amendments to the current list of de ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...

The Treasury Department ended its tax-time savings bond program, which was the last way to buy the paper version of I bonds, ...

The proposed Income Tax Bill, 2025 aims to simplify the tax system with a reduction in sections and word count, introduce a ...

Your main options will be to keep the inherited portfolio intact, cash it in, overhaul and integrate it into your own ...

(ii) The Assessing Officer failed to appreciate that as per the DTAA, gains in respect of shares acquired post 4.2017 are taxable as per the Act and that these are the only losses which are carried ...

The Department of Trade and Industry (DTI) recorded a total of 6,805 Barangay Micro Business Enterprises (BMBEs) ...

It can be costly if the insurance needs are incorrectly estimated. This can lead to overcharging during the auditing process, which has affected 25% to 50% of business owners with insurance policies.