Federal tax cuts, made permanent by the "One Big Beautiful Bill," promise more money for taxpayers with increased deductions and adjusted tax brackets.

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 ...

ISLAMABAD: The federal Board of Revenue (FBR) will disallow 50 percent business expenditure in cases where a person makes a ...

You need to register for Self Assessment if your income from savings and investments is over £10,000. HMRC will change your ...

ITAT Kolkata upholds deletion of capital gains addition under Section 50C and disallowance under Section 14A for Tirupati Niryat Pvt.

Inheritance tax loophole means money will not be subject to the seven-year rule, but rules must not be flouted ...

Amidst the 2025 tax season, if you're keeping an eye on your taxes for next year, you're still keenly interested in what your 2026 income tax burden might look like. Therefore, which tax bracket ...

Retirees who paid too much tax on their pension income are now getting their refunds as HMRC dishes out £48million ...

Thousands of refunds have now been made to people who overpaid tax on their pension, receiving an average of £3,800 per ...

Do I just add up all my pensions to get my 'taxable income' - or do I deduct my tax allowance from this total?

Taxpayers get the benefit of marginal relief when they file their income tax return. In the new tax regime applicable for the financial year 2025-26, if your salary is Rs 12,90,000, will you be taxed ...

The new capital gains tax on real estate may seem beneficial at first glance, but it has opened the door to a hidden tax trap ...