Homeowner wins against the income tax dept after a 9 years fight about imposition of Rs 1.42 crore short term capital gains ...

In a renewed crackdown on tax evasion, the income tax department has begun re-examining several previously concluded assessment cases. These cases are largely focused on businesses suspected of having ...

Rajasthan High Court denied interference with initiation of proceedings under Section 153C of the Income Tax Act, 1961 (“the ...

ITAT Indore held that addition under section 68 of the Income Tax Act, after rejection of books of accounts under section 145, by the AO is not justifiable in law. Accordingly, AO is directed to ...

Income Tax Audit Report Under Section 115JB Form 29B computing book profits for companies under Minimum Alternate Tax – MAT.

Exact comparisons of audit rates are challenging because the I.R.S. has changed its definitions over time. But the Times ...

Though all received income tax reductions, working-class Americans received substantially higher tax rate cuts than the ...

Tax brackets with millionaires got tax cuts of less than 6%, less than one-third of percentage cuts received by tax filers earning less than $50,000, a Heartland Institute study says.

The founder of Tulsa Innovation Labs is calling for changes to draw more investments from civic-minded financial advisors and ...

CNET's Best Tax Software for 2025. Learn about all the potential tax credits this year to maximize your tax refund. For more tax tips, see all the ways that your house ...

The existing tax law, governed under the Income Tax Act of 1961, primarily refers to physical books of accounts, ledgers and manually recorded financial data, which makes it legally challenging for ...