Booking.com platform earning of commission income is not taxable in India since AO has failed to discharge the onus of establishing assessee having fixed place PE in India. Accordingly, final ...

From April 1, Income Tax Act, 2025, takes effect with draft rules already released. Key forms like Form 16, 26AS, 3CA, 3CB, 3CD, 10F, 10A are renumbered for simplified compliance.

If your bank has deducted tax on your FD interest, that money may still be yours. You just need to know how to get it back.

The Income Tax Department has released the Draft Income-tax Rules, 2026, along with draft forms to implement the Income-tax Act, 2025, offering the first detailed glimpse into how India’s revamped tax ...

The High Court set aside a tax demand arising from foreign tax credit mismatch because no valid intimation under Section 143(1) was produced or served. It held that recovery cannot be enforced without ...

Mumbai, Feb 9 (IANS): The Income Tax Department’s draft Income‑tax Rules proposed a comprehensive renumbering of tax forms that would improve reporting ease and enhance compliance for taxpayers, ...

COLUMBIA — The income tax plan moving through the Statehouse aimed toward one day eliminating the burden entirely would cost nearly 27 percent of state taxpayers more so that others could pay less.

The Union Budget 2026 presentation by FM Nirmala Sitharaman on February 1 will be live-streamed on LiveMint's website, Youtube channel and other platforms. Analysts anticipate significant investments ...

President Donald Trump's "big beautiful" tax law provides a new senior "bonus" or deduction of up to $6,000 per individual or $12,000 for married couples. The temporary deduction applies to taxpayers ...

A new $6,000 tax deduction for Americans 65 and older could boost refunds for millions of older taxpayers, putting an average of about $670 more in their pockets this year, according to advocacy group ...

Income investors should be well diversified owing to expectations of uncertain and rocky markets this year, according to UBS. The investment bank anticipates volatility will more than likely be much ...