The issue was whether foreign bank balances funded through LRS could be taxed as unexplained credits. ITAT held that once the source and opening balance are established, section 68 cannot be invoked ...

People risk a fine running into hundreds of pounds for not meeting a certain tax deadline - here are more details ...

Taxpayers who discover mistakes or omissions in their original Income Tax Return have specific procedures and deadlines to ...

Slashing utility profits and upping clean energy deployment are core components of Democrats' strategy to reduce energy costs ...

Huntington Ingalls Industries has delivered a nearly 95% total return in the past year, outpacing the S&P 500 by a wide ...

The issue was whether interest earned from a co-operative bank qualifies for deduction under Section 80P(2)(d). The Tribunal held that such interest is deductible, as a co-operative bank is itself a ...

A revised or belated return must be filed by December 31 of the relevant assessment year, or before the tax authorities complete the assessment, whichever comes first. Missing this deadline closes the ...

Purpose Investments Inc. is pleased to announce the 2025 fourth quarter distributions for Purpose Specialty Lending Trust.

Discover what ex-post means in finance, how it is calculated, and how it differs from ex-ante. Use historical data to better ...

The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season.

In most cases, business credit card rewards aren’t taxable. The IRS generally treats rewards earned through spending as ...

ITAT directed the Assessing Officer to recalculate the disallowance by limiting it only to investments that generated exempt ...