The Supreme Court yesterday (on February 12) held that though after the amendment of Section 8(5) of the Central Sales Tax ...

Finance Minister Nirmala Sitharaman introduces new Income Tax Bill, simplifying language, eliminating redundant provisions, ...

However, the Centralized Processing Center (CPC), Bangalore, denied the foreign tax credit on the ground that Form No. 67 was not filed within the prescribed due date. The NFAC upheld this decision, ...

A legal fight is worth fighting if the remains of the war are buried forever. However, the fight is not worth it if the ...

Ryan Finley explains why the IRS’s recent advice memorandum on periodic adjustments may signal a significant change in ...

Section 110(A) of the Tax Code, as amended, identifies the transactions creditable against output tax. Among the transactions are the purchase or importation of goods for sale, for conversion into or ...

Have you received a 1099 tax form that you don’t understand? Our guide describes the basics of the nearly two dozen different ...

Here's when the last day to file taxes is, what documents you'll need, new forms for the 2024-25 tax season and how to track ...

Bad tax information on social media, aggressive marketing tactics, and "ghost" tax preparers can create huge headaches with IRS.

Filing taxes can be challenging, and it’s easy to make mistakes like math errors, missing deductions, or choosing the wrong ...

The Supreme Court has relisted two Second Amendment cases for its conference on Friday January 17. They include Snope v. Brown, which concerns whether Maryland may ban semiautomatic rifles that ...

The Senate started a new session after an amended version of the bill passed the second reading in a 19-12 vote. The bill is ...