News

The ITAT Mumbai has ruled that a company's share of a partnership loss cannot be added back to its book profits under Section 115JB, clarifying the computation of book profits under the Income Tax ...
ITAT Mumbai held that adjustments made by Central Processing Centre [CPC] under section 143(1) of the Income Tax Act is deleted since the entire adjustments were on account of technical glitches of ...
ISLAMABAD: The federal Board of Revenue (FBR) will disallow 50 percent business expenditure in cases where a person makes a ...
Retirees who paid too much tax on their pension income are now getting their refunds as HMRC dishes out £48million ...
If an SMSF is considering adopting tax effect accounting for the first time, the financial statements for the 2024–25 income ...
Inheritance tax loophole means money will not be subject to the seven-year rule, but rules must not be flouted ...
When filing the income tax return, salaried taxpayers do not have to do much, other than arrange Form 16 (issued by the ...
Kuwait’s recent implementation of the BEPS Pillar Two framework, through Law 157/2024 and its executive regulations, has introduced a new paradigm for the taxation of large multinational enterprises ...
Do I just add up all my pensions to get my 'taxable income' - or do I deduct my tax allowance from this total?
You need to register for Self Assessment if your income from savings and investments is over £10,000. HMRC will change your ...
The County Auditors’ Association of Ohio has several recommendations it says will make real reform to Ohio's property tax ...
The calculation methods used to determine the amount of money students receive from the federal Pell Grant program are ...