The Tribunal held that reassessment beyond three years is invalid where the alleged escaped income is below ₹50 lakh. A notice issued for a ₹5 lakh donation was declared void ab ...

The Tribunal emphasized that exempt income disclosed in the return cannot be taxed due to a technical reporting mistake. Substance of disclosure prevails over form where facts are ...

India’s top court has ruled that tax is due on the sale of equity in a Singapore holding company of Flipkart by the Mauritius ...

The class of people entitled to settlement payments includes all people in the US who were under 13 and watched content ...

A jury's award of $5 million to a former East Wenatchee Water District employee in 2025 was vacated by a federal judge in ...

The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you ...

Learn what Net Income After Taxes (NIAT) means, how it's calculated, and see examples to understand this key financial metric ...

The IRS shut down its direct filing program for 2026, but some tools remain—if you know where to look. Here’s how to navigate ...

Bhubaneswar, Jan 4 (PTI) The Odisha transport department has formed a five-member high-level committee to strengthen operational discipline, monitor safety, and improve services of the state-run ‘Ama ...

Budget 2026: Between 2019 and 2025, Union Finance Minister Nirmala Sitharaman has overseen the most far-reaching overhaul of India’s income tax framework since liberalisation. Across six Union Budgets ...