Chapter XVII-B of Income Tax Act 2025, lays down special provisions for registered NPOs. The computation of Income of Trust under leads to some areas of obscurity leading to litigation for such truts.

This content is sponsored by Serving Those Who Serve. Federal employees have plenty to think about these days. For instance, senior executives might wonder what’s next under the Schedule Policy/Career ...

Bengaluru: Salaried workforce of Bengaluru is set for a significant tax relief with the draft Income Tax Rules, 2026, proposing to place the city in the category eligible for 50% House Rent Allowance ...

ET Online Rs 22,000 tax demand notice issued by denying Section 87A tax rebate on LTCG and STCG; ITAT Indore deletes the tax demand notice and allows 87A claim on LTCG and STCG (AI generated ...

Tax-deferred account holders born between 1951 and 1959 must start RMDs at age 73. Roth 401(k) plans are exempt from RMDs while the original account holder is still alive. The IRS will charge an ...

Filing your KRA (Kenya Revenue Authority) tax returns for employment income is a mandatory requirement for all registered taxpayers in Kenya with a Personal Identification Number (PIN). For the 2026 ...

A major focus of the draft rules is to make income-tax return (ITR) filing simpler under the new law. The government has clearly spelled out formulas and valuation methods in advance especially for ...

The income tax department has released the Draft Income-tax Rules, 2026, to operationalise the Income-tax Act, 2025. While these rules are still in draft form and may change after stakeholder ...

Use our guide to decide which assets belong in a taxable account and which go into a tax-advantaged account. After a reported Trump threat over naming sites after him, judge orders rail tunnel funding ...