ITAT Ahmedabad held that amount written-off towards non-recoverable advances given to employees which are incidental to business operations qualifies as deductible business expenses under section 37 ...

Chartered accountants' apex body ICAI has sought tax benefits for promoting climate change mitigation strategies and a ...

As Budget 2025 approaches, key expectations include tax relief, fuel duty cuts, support for employment sectors, rural consumption boost, and measures against Chinese dumping to drive economic growth.

Taxpayers can now file an online application for rectification of their ITR if it was incorrectly processed. However the ...

The Institute of Chartered Accountants of India (ICAI) has proposed tax reforms to promote climate change mitigation, a ...

Indian residents must report their foreign assets and income in their income tax returns (ITRs) in accordance with the Indian ...

In this globalized economy, tax transparency and compliance has become paramount to ensure that taxpayers disclose their global income and assets accurately. The Common Reporting Standard (CRS) and ...

The e-Aadhaar is an essential digital version of the Aadhaar card, issued by UIDAI. It can be downloaded via multiple methods using Aadhaar number, En ...

E-filing income tax in India is a breeze if you follow these steps. First, identify your tax slab based on your annual income. Then, register on the Income Tax Department's website using your PAN and ...

Avenue Supermarts Ltd, which is the operator of DMart, saw its shares going up well over 10% in the morning's trading session ...

As a result, Tesla's stock fell 6.1% on Thursday when it announced the sales figures. The stock had soared about 50% prior to this on Donald Trump's victory ...

SafeSend automates the ‘last mile’ of the tax return, according to Thomson Reuters; in other news, law firm White & Case has ...