Concerns over the Income Tax Act, 2025, and its Section 247 have surfaced, with fears of "unlimited powers" for tax authorities in digital spaces. The government clarified that the new law mirrors ...

The Finance Ministry has clarified that Section 247 does not reference AI and does not create any new or blanket powers.

Consolidation of CPA firms continues to advance at a steady pace. Advisers and consultants often play a key role in locating ...

Understand when income is received, accrued or deemed in India under the Income Tax Act, 1961, and how residential status ...

Indian tax law taxes not just salary but also perquisites like rent-free accommodation, company cars, and stock options, increasing taxable ...

FCC has stated that ‘super tax is a tax on income independent of the tax levied under section 4 of the Income Tax Ordinance, 2001’. The matter in case of income falling under final tax regime, ...

The Treasury Department and the IRS have issued proposed regulations on Feb. 3, 2026, providing expanded guidance on the Clean Fuel Production Credit under IRC section 45Z and significantly building ...

On July 29, 2025, the Office of Collector of Stamps, Delhi, issued a circular stating that the stamp duty required to be paid ...

Evanston, Illinois' $25,000 reparations payments to 44 Black residents raise constitutional questions and practical concerns ...

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

Ryan Finley evaluates whether the IRS’s recent success in transfer pricing method disputes is likely to hold up.

President Trump delivered his 2026 State of the Union address on Tuesday night. Read the transcript and watch the full video.