Lok Sabha Speaker Om Birla constituted a 31-member Select Committee of Lok Sabha MPs to examine the new Income Tax Bill, ...

Pre-tax income and revenue are two distinct financial metrics, each serving a different purpose in evaluating a company’s ...

With its focus on clarity and simplicity, the new Bill will lead to a more accessible and responsible tax system ...

The Missouri House passed a bill to eliminate state income tax on long-term capital gains, mainly along party lines. The move ...

The objective of the new Bill is to streamline the Income Tax Act, making it more succinct, understandable, and user-friendly ...

The newly introduced Income Tax Bill seeks to simplify tax legislation by minimizing litigation and interpretation, reducing the word count, sections, and chapters significantly from its 1961 ...

The rules will set the template for tax officials to understand the extent of profits that can be taxed, taking into ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Dan Morehead, founder and managing partner of crypto investment firm Pantera Capital, is reportedly under investigation for ...

The government on Thursday tabled the New Income Tax Bill, 2025, which aims to simplify tax laws, modernize definitions, and provide more clarity on various tax-related matters. This new bill, tabled ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

Certain amendments on trust taxation are welcome. All classes of registered non-profit institutions such as public trusts, ...