The tax department clarified that any expenditure incurred to resolve proceedings under four specific laws will not be ...

Letting the tax cuts expire would result in the single most significant tax increase by dollar amount in history, an ...

The Central Board of Direct Taxes (CBDT) notified that any expenditure incurred to settle proceedings initiated in relation ...

CBDT prohibits deduction for expenses related to settling proceedings under Sebi, Competition Act, and other specified laws.

A proposed amendment to Florida's tourist tax law could dramatically alter how counties fund major attractions and promote ...

Under the old tax regime, individuals and businesses could claim a variety of exemptions and deductions—such as house rent ...

Finland’s government unveiled a €2.3 billion ($2.6 billion) package of measures to kickstart growth and investment in the subdued economy.

By Greg Aguirre The Tax Cuts and Jobs Act that Congress passed in 2017 was undoubtedly one of the cornerstones of President ...

Supreme Court held that as per section 13 (7) of the Uttar Pradesh Value Added Tax Act, 2008 [UP VAT Act], input tax credit will not be allowed to a dealer with respect to the purchase of any goods ...

The Qualified Business Income Deduction lets many small business owners deduct up to 20% of their income. Unless Congress ...

He was a top deal maker in the world of mergers and acquisitions, during the 1980s takeover boom and beyond. He also had a ...

Conclusion: Dealers registered under Value Added Tax Act (VAT Act), 2008 were duty bound to reverse or debit the input tax credit as prescribed under Section 13(6) of the VAT after the discontinuation ...