Current provisions permit filing of modified returns following a business reorganisation only where the original return has already been filed before the reorganisation order. By Shaily Gupta and Aanc...
As of April 1, 2025, nearly 5.4 lakh appeals were pending before the Commissioner of Income-tax (Appeals). (AI image) As the Union Budget 2026 draws closer, industry bodies and tax professionals are u...
Fundamentally, the government wants to move towards an income tax return regime with minimal deductions and exemptions. (AI image) Finance Minister Nirmala Sitharaman will present the Union Budget 202...
The U.S. Department of Education has completed the final round of regulatory discussions to implement major higher education reforms introduced under President Donald Trump’s Working Families Tax Cuts...
India’s salaried class feels squeezed—not because they don’t want to pay taxes, but because the system increasingly treats retirement savings as a luxury. (AI image) For a country that prides itself o...
Student loan forgiveness becomes taxable again in 2026, experts warn of looming IDR tax bills. (Getty Images) Student loan borrowers whose remaining balances are cancelled from 2026 onwards may face s...
In his financial decline, Rajesh Khanna fiercely refused to sell his iconic bungalow, Aashirwad, even as tax debts mounted. Despite ‘Battle of Galwan’ star Salman Khan offering to settle h...
Pakistan traders threaten countrywide shutdown over mandatory billing machines ISLAMABAD: Traders across Pakistan have threatened a nationwide shutdown on January 16 if the government does not withdra...
Starting January 1, 2026, Saudi Arabia taxes sweetened beverages by sugar content, using four-tier system/Representative Image Imagine reaching for your favorite soda next week and noticing the price ...
Indian-origin Democratic Congressman Ro Khanna who represents part of Silicon Valley doubled down on the proposed wealthy tax or billionaire tax and mocked reports that Peter Thiel, Larry Page would m...