Delhi High Court upholds CIT(A) decision, allowing Section 80JJAA and prior period expense deductions for International Tractors Ltd., overturning ITAT ...

AISH recipients who live in community housing where rent is set at thirty per cent of income will soon see the amount ...

The Senate set votes to begin at 9 a.m. on Trump's legislative priorities without knowing whether enough Republicans will ...

Understanding tax obligations for additional income is crucial for AY 2025-26. This guide details how to report earnings from side hustles, fixed deposits (FDs), and peer-to-peer (P2P) lending in your ...

ITAT Delhi held that disallowance of expenditure on adhoc basis without contrary material and without rejection of books of accounts not justifiable. Accordingly, disallowance made in the impugned ...

The Chartered Insurance Institute is amending its rules to allow more companies to retain their chartered status but many in the industry have raised concerns about what this means.

SIDNEY — Sidney voters said no to an additional .25% income tax levy for streets — the third levy denial in a little over a year — according to unofficial election results tallied Tuesday night.

The IRS has released the standard deduction amounts for the 2024-2025 tax year. Find the new rates and information on extra benefits for people over 65.

Go to Line 22100 – Carrying charges and interest expenses, and other expenses or the "Expenses" chapter in Guide T4002, Self employed Business, Professional, Commission, Farming, and Fishing Income.

Discover the fundamentals of income tax expense, its calculation, impact on financial statements, and its importance for investors and businesses in this detailed guide.