Finance Minister Clyde Caruana said Monday that the untaxable income bracket for the single tax computation is to increase ...

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 ...

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

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

Teresa Teixeira Mota and Francisco Lencastre Torres of Vieira de Almeida & Associados explain how generative AI and enhanced ...

Dangote Cement Plc won two awards at the FMDQ Gold Awards held in Lagos even as it was recognised by the Federal Inland ...

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 ...

Our Tax Code provides that proceeds from life insurance policies shall not be included in the computation of the estate of the deceased when the beneficiary is other than the estate, executor or ...

Presently, the workers get a tax relief equivalent to 15 percent of their housing and SHIF contributions, which is smaller ...

All Saints’ and Souls’ Day have just passed, reminding us that, despite our advances in technology and medicine, death remains an inevitable part of life. Visiting the graves of our loved ones ...

The Madras High Court ruled that any amount received in advance for services should be treated as the income of the assessee ...