Budget 2026 rewrites key prosecution provisions under the new Income Tax Act, replacing harsh jail terms with graded penalties while clearly defining what counts as wilful tax evasion.

The Revenue treated cash deposits as unexplained under Section 69A despite matching withdrawals and opening cash balance. The Tribunal ruled that redeposit of available cash cannot be taxed as ...

The Income Tax Department has released draft Income-tax Rules, 2026, effective April 1, 2026, simplifying ITR filing forms and procedures. These draft rules, open for public feedback until February 22 ...

Few controversies hit South Korea’s celebrity world harder than tax allegations — and now K-pop and K-drama star Cha Eun-woo ...

Popular South Korean actor and singer Cha Eun-woo is under investigation by the National Tax Service over alleged tax evasion of more than 20 billion won, connected to corporate entities linked to his ...

The issue was whether cash deposited during demonetisation could be taxed as unexplained money. The Tribunal held that prior withdrawals from the bank sufficiently explained the deposits, warranting ...

You can approach the issuer and ask the issuer to reissue it correctly. If the issuer of the Form 1099 has already sent it to ...

Profit and net income are found on your company's income statement. Learn the difference between these financial terms and ...

A federal judge in New York says the Trump administration must keep the money flowing for now for programs aimed at helping ...

Economists are generally optimistic about the economy, but the public hasn't hated it this much in more than a decade—these charts show why.

A petition demanding that pensioners receive a distinct tax code to prevent them breaching the basic income tax threshold ...

Finance Bill 2026 proposes penalty of Rs 200 per day for non-furnishing of statement, Rs 50,000 for inaccurate particulars, failure to correct.