Rs 2 lakh political donation on Rs 7 lakh income: How ITAT viewed the mismatch in tax case (AI-generated image) The Income Tax Appellate Tribunal (ITAT) Mumbai recently rejected a taxpayer’s claim for ...
A Mumbai man's Rs 2 lakh donation to a political party for tax deduction backfired. The Income Tax Appellate Tribunal (ITAT) ...
On Feb. 4, 2026, the Bureau of Internal Revenue (BIR) issued Revenue Memorandum Circular No. 10-2026. The circular covers ...
A digital advertising tax, billionaire wealth tax, expanded tax haven reporting and an end to corporate loopholes are topics ...
Michiganders who become organ donors now have an opportunity to claim a $10,000 tax credit for giving the gift of life.
The Tribunal found that the authority misapplied the law by relying on provisions relating to donor deductions rather than approval conditions for institutions. Since the trust fulfilled statutory ...
Explains how the distinction between revenue and capital receipts affects taxability under the Income-tax Act. Highlights judicial tests used to determine the true nature of ...
At my home, tax time is a test of how strong my bond with loved ones is at that particular moment. As the clock ticks down to the deadline, I find myself sitting on the floor surrounded by a pile of ...
One of the ways to reduce your liability this tax year is to decrease your taxable income. And the best way to do this is by taking advantage of tax ...
Avoid costly IRS trouble. Learn 13 common tax filing mistakes that could delay your refund, trigger audits, or lead to ...
A donation tracking app designed to help taxpayers document charitable giving and estimate fair market value with ...
As Chuck Neely, CEO of Neely’s Accounting in Roanoke says, “It’s Your Money,” and 10 News is working for you to help you get ...