For computation of capital gains arising on slump sale u/s 50B ... should go so that the maximum marginal rate of tax is ...

The AO, however, disallowed a portion of the interest expenditure under Rule 8D (2) (ii) of the Income Tax Rules, 1962, stating that the company had incurred interest expenses of Rs. 26,27,659. The AO ...

ITAT Ahmedabad held that CIT (A) erred in upholding addition made by AO without considering the additional evidence. Such failure to admit and evaluate the additional evidence constitutes a violation ...

Safaricom says it is engaging the Kenyan authorities to ensure that the reforms do not scale back efforts to digitise the ...

However, the Bill proposes to amend the Income Tax Act to provide for allowable deductions in the computation of taxable ...

These rates serve as the reference rates for foreign exchange required for ITR (Income Tax Return) purposes and are unfortunately not made readily available by RBI or SBI.

Lea Uradu, J.D. is a Maryland State Registered Tax Preparer, State Certified Notary Public, Certified VITA Tax Preparer, IRS Annual Filing Season Program Participant, and Tax Writer. The United ...

National Treasury Cabinet Secretary John Mbadi has unveiled plans to introduce new tax measures and amendments days after the ...

PeopleImages / Getty Images The term “tax break” refers to a benefit offered by the government that reduces your total tax liability. Tax breaks are made possible by tax laws and typically ...

Do I always have to pay tax on my income? Tax-free allowances reduce the amount of tax you have to pay on income you receive. There are two types: Allowances – allow you to earn a certain amount of ...

Finance Minister Clyde Caruana said Monday that the untaxable income bracket for the single tax computation is to increase from the first €9,100 to the first €12,000 of a person's income.

When the Treasury Department last month dropped over 600 pages of proposed regulations detailing how the 15% corporate alternative minimum tax will be implemented, businesses were eager to get the ...