In a landmark decision on November 19, 2025, the ITAT Hyderabad ruled that severance packages is to be classified as taxable ...

The 2025 Act introduces compulsory tax audit for businesses declaring profits below 6% or 8% of turnover. The shift eliminates the earlier opt-out condition, expanding audit applicability from ...

There are a few constants in the small-business world every fall: pumpkin spice everything, a sudden panic about Q4 goals, and that wonderful realization that Section 179 is still here, waiting to ...

Coffee stakeholders say the No Coffee Tax Act could ease rising costs, stabilize supply chains and protect consumers from price spikes The No Coffee Tax Act (HR 5516) aims to prevent additional ...

Income tax is charged on most types of income but tax allowances protect some from the taxman. Following the end of the tax year, which falls on 5 April each year, we look at the income tax rates and ...

The rich are different from other people — and that also applies to the share of their income they pay in taxes, according to a new study from University of California, Berkeley, economists. The ...

Section 24 of the Income Tax Act 1961 offers substantial tax benefits for homeowners by allowing deductions on income generated from house property. Given that purchasing a home is a significant ...

New Delhi: The government has introduced four amendments to the Income Tax Act, 1961, relevant for FY 2025-26, but included in the Income Tax Bill, 2025, applicable for FY 2026-27, Union Finance ...

President Trump on Monday announced he was taking federal control of D.C.’s police department and deploying the National Guard in the city in an attempt to fight crime. “Our capital city has been ...

WASHINGTON — In a news conference Monday, President Donald Trump said he’ll place the D.C. police department under federal control and deploy the National Guard. Trump said he wants to “rescue our ...

Folks are typically thinking about summer travel or last-minute beach holidays this time of year. But in Georgia, lawmakers have something else in mind: Eliminating the state’s income tax. While ...

Despite new crypto legislation, the IRS still treats digital assets as property, leaving key tax rules unchanged for traders and investors. The crypto regulatory landscape is evolving rapidly, but one ...