A tax shield is a reduction in taxable income for an individual or corporation achieved through claiming allowable deductions such as mortgage interest, medical expenses, charitable donations ...

Tax inspectors have already verified 3,200 commercial properties, revealing that many are paying residential rates despite having commercial connections. MCD will issue notices to these defaulters ...

The FBR has issued SRO 765(I)/2025 to amend Income Tax Rules 2002 on Thursday. Moreover, Chairman of Alternative Dispute Resolution Committee would get Rs 300,000 if the amount of tax liability is ...

Spanish tax authorities refute the claims. Britons who are tax residents in Spain are liable for income tax on worldwide ... He said tax inspectors received €1.2 billion (£1.01bn) in bonuses ...

“The problem with even a ‘TINY’ tax increase for the RICH, which I and all others would graciously accept in order to help the lower and middle income workers, is that the Radical Left ...

Central Board of Direct Taxes (CBDT) has notified income tax return (ITR) forms for e-filing income tax returns in FY 2024-25. These are the myriad changes which the income tax department has ...

Dream11 win: Winnings from lottery, online gaming, online sports betting, etc., are considered casual income for income tax purposes, as per tax experts. However, taxpayers are not aware of the tax ...

The proposal, according to three sources, would allow the top marginal income tax rate cut that Trump signed into law in 2017 to expire at the end of the year for the highest-income Americans ...