The issue was denial of income-tax exemption to a statutory welfare board. The Court held that a subsequent government notification granting section 10(46) exemption resolved the dispute and nullified ...

Budget 2026 has introduced a full income tax exemption for compensation received from the government for land acquired under ...

Last year, FM Sitharaman announced major changes in the new income tax regime, and while tax experts believe that there is ...

The Tribunal held that while interest on enhanced compensation was taxable as per settled law, the exemption claim for land compensation required verification. The matter was remanded for fresh ...

FM Nirmala Sitharaman presented her ninth Budget on 1 February. During her speech, she made a key income tax announcement on filing revised ITR. Follow for LIVE updates.

Taxpayers are looking for meaningful relief as Finance Minister Nirmala Sitharaman presents Budget 2026 on Sunday, February 1 ...

There are over 150 types of penalties in the Internal Revenue Code (IRC). One frequent penalty that the Internal Revenue Service (IRS) asserts is ...

Inequality has reached record levels, and the judiciary has shown increasing willingness to intervene through tax policy. This Feature excavates ...

Income Tax 2026 LIVE updates: Union finance minister Nirmala Sitharaman has begun presenting the Union Budget 2026-27 in the ...

Plus: Average tax refunds, filing status, a new global tax deal, commuting expenses & business mileage, a closely watched tax ...

Preferred stock dividend distributions paid in April, July, and October 2025 and in January 2026 are reportable on shareholders' 2025 federal income tax returns. Redwood's 2025 preferred stock ...

ISLAMABAD: In a landmark ruling with far-reaching constitutional and fiscal implications, the Federal Constitution Court (FCC ...