Karnataka High Court issued a judgment in favor of IBM India Private Limited, directing the Income Tax Department to refund a total amount of Rs.154,08,41,927 with applicable interest. This refund ...

No addition u/s. 68 of the Income Tax Act, 1961, merely for trading in penny stock, when the assessee submits necessary details and the AO fails to bring anything contrary on record.

The raids were conducted over a period of 10 days. A total of Rs 352 crore was seized in these operations. IT raids are ...

In a significant move to modernize India's tax infrastructure, the government has unveiled PAN 2.0, introducing new PAN cards ...

E-commerce and digital platforms with payment functions will have to declare and pay taxes on behalf of sellers being ...

History will — or at least should — see a $165 billion error in revenue estimates as one of California’s most boneheaded ...

The Modi government has introduced PAN 2.0, a new and upgraded PAN card project. Existing PAN cardholders are not mandatorily ...

The IRS and audits provide a simple but powerful lesson in government effectiveness, demonstrating that enforcing a standard ...

Pensioners claiming certain benefits may need to keep a keen eye on how much they have in savings to avoid an untimely ...

The Great British Insulation scheme will provide support to those on the lowest incomes and extend support to a wider range ...

Steve Webb replies: With nearly two trillion pounds invested in UK workplace pensions, the government is understandably very ...

State pensioners feeling the financial pinch of the festive season are being given a helping hand to the tune of £8,837 worth ...