The Income Tax Act was enacted in the year 1961 and is the statute under which everything related to taxation is listed. This includes levy, collection, administration and recovery of income tax.

The Madhya Pradesh High Court has held that an order passed under Section 148A(d) of the Income Tax Act 1961 is not an ...

Scrutiny assessment which is mainly governed by Section 143 of IT Act is in-depth process used by tax officers to ensure accuracy and compliance in a assessee’s return filled. It is not like regular ...

Section 44AB of the Income-tax Act of 1961 sets the rules for conducting a company or entity's tax audit. The purpose of the tax audit is to verify that the taxpayer has disclosed all relevant ...

(THE CONVERSATION) Although coverage of the 2024 election was dominated by the economy, taxes didn’t get much attention in the run-up to the vote. That’s a bit of a surprise, since 2025 will be a ...

Several of New York's House Democrats are calling on President-elect Donald Trump to follow through on a campaign promise to ...

CAPE TOWN (Reuters) - South Africa's Communications Minister Solly Malatsi said he had held preliminary talks with the Treasury on cutting taxes on smartphones to make them more affordable as the ...

The Finance Ministry has established 22 specialised sub-committees to examine various aspects of the Income Tax Act, with an aim to simplify tax structures, expand tax base, and balance revenue ...

ACT New Zealand has seen significant growth over the past four years and is now punching above its weight as part of the coalition government. ACT is delivering real change by cutting back on wasteful ...

“More than one-third of DACA recipients currently do not have health insurance, so making them eligible to enroll in coverage will improve their health and wellbeing, and help the overall economy,” ...