Tax Updates News Today

The latest May 2024 edition of Gulf Business Magazine is now out and it is packed with interviews, features and insights

The Kerala High Court recently clarified that software developed and customised for a specific user is a “good” and not a "service" for the purpose of taxation.

Elon Musk announced changes to Twitter-turned-X, including a default dark mode and discontinuing the dim mode. The rebranding aimed to create an "everything" app encompassing communications and financial capabilities.

Tax Tip 2023-67, announcing that tax relief is available for people living in areas that are declared disasters by the Federal Emergency Management Agency. IRS released Revenue Procedure 2023-23, which provides the 2024 inflation-adjusted amounts for Health Savings Accounts

Around 45 per cent of the returns filed on April 20 were either NIL returns (no tax liability and no ITC availment) or were such returns where no tax was paid in cash.

Things To Know Before Filing ITR Keep all the documents related to your income, investments, and expenses handy, such as Form 16, salary slips, bank statements, TDS certificates, investment proofs, and bills.

/PRNewswire/ -- Hunt Demarest, CPA/ABV of Paar Melis and Associates (a specialized accounting and tax firm for automotive repair shops) educates shop owners to...

The Ahmedabad bench of the Income Tax Appellate Tribunal ( ITAT ) observed that profit from the sale of Carbon Credit is “Capital Receipt”

The Calcutta High Court stayed order passed under Section 148A(d) of the Income Tax Act, 1961 on the ground of non-filing of affidavits-in-opposition.

Lower tax rates under the TRAIN Law, effective this 2023, could lead to a win-win situation for ordinary workers and the government.