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Federal Board of Revenue includes a new section “99D” (Additional tax on certain income, profits and gains) in the Income Tax Ordinance 2001

Over half of the Democrats in the House and 14 Democrats in the Senate are calling for enactment of a new government-run health coverage program to replace all existing private health insurance, including employer-sponsored health benefits, as well as the current publicly funded coverage for Americans enrolled in Medicare, Medicaid, and the Children’s Health Insurance Program (CHIP).

The Chhattisgarh High Court has allowed the reimbursement of additional tax liabilities on companies involved in construction in the pre-GST regime.The bench of Justice Rajani Dubey has directed that...

What your clients should know about the 90 provisions covered in the act.

Election Day TODAY: Tuesday, November 8, 2022. Polls are open from 7 AM to 8 PM. More →

Alcohol price hike

The recently introduced provision of allowing taxpayers to update their tax returns has seen as many as 5 lakh re-filings with about Rs 400 crore additional tax coming in, a senior government official said on Thursday. The Finance Act, of 2022 introduced a new concept of updated returns, which permitted taxpayers to update their ITRs within two years of filing, subject to payment of taxes.

Massachusetts residents are set to go to the polls when the state election begins on Tuesday, November 8. Early voting is available on select days between October 22 and November

The Department of Finance recently released a package of materials containing potential changes to the Canadian tax system (Tax Proposals). The materials, released on August 9, 2022,...

ISLAMABAD, Aug. 23 (Xinhua) -- Pakistan on Monday announced an additional tax of 36 billion Pakistani rupees (around 165 million U.S. dollars) on cigarettes and