ITAT Chennai held that although the assessee company was following the mercantile system of accounting, only real income could be brought to tax. Hypothetical income cannot be taxed. Hence, appeal of ...

Tax Refund Delays have left many taxpayers frustrated as they wait for their IRS refunds. With processing slowdowns, identity ...

The urban focus in the Union Budget 2025-26 marks a significant step towards strengthening India’s cities as engines of ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

The ITAT upheld the CIT (A)’s ruling, stating that the issue had already been settled in favor of the assessee in similar cases involving Vodafone Idea, Bharti Airtel, and other telecom operators. The ...

Sunita Kejriwal is known for her unwavering support of her husband, Arvind Kejriwal, and has played a significant role in ...

The racket of CAs, in active assistance and criminal conspiracy, with some income tax officials were unauthorisedly and ...

Like its competitors, Chalet is betting big on the wedding segment to drive the hotel sector in the coming months.

India's Finance Minister Nirmala Sitharaman revealed significant changes to the country's tax laws, which will now encompass cryptocurrencies under Section 158B of the Income Tax Act. This section ...

This top tax slab, applicable to individuals with an annual income ... growth India's fiscal deficit is already facing pressure due to rising expenditures and slower-than-expected revenue growth.

The Budget, while in exercise in nominal numbers, is expected to help all of us live and aspire for a better real life. It is expected to help solve current pro ...

The iPhone continues to be Apple's biggest cash cow with revenue coming in at $69.1 billion, reaching an all-time record in dozens of markets and regions including India.