A Mumbai man's Rs 2 lakh donation to a political party for tax deduction backfired. The Income Tax Appellate Tribunal (ITAT) ...

The Mumbai ITAT has rejected a taxpayer’s claim for tax deduction on a Rs 2 lakh political donation, ruling that the ...

The senior deduction may bring some much needed relief to taxpayers grappling with inflation at the grocery store and ...

This is a weekly column for The Enquirer ...

As part of the provisions in President Donald Trump’s tax and spending package, passed last year, everyday donors may see tax gains, while those who itemize, especially high earners, face stricter ...

How recent Federal tax law changes are reshaping charitable giving strategies—and what you should do before year-end ...

The One Big Beautiful Bill Act made significant changes in the tax benefits of charitable giving, increasing tax benefits for ...

The Tribunal upheld deletion of a Section 14A disallowance after noting that the taxpayer did not earn any exempt income in the relevant assessment year. The ruling reiterates that Section 14A cannot ...

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 ...

These are some of the most significant tax mistakes that can make your tax bill even more expensive this year.

New draft rules for the Income Tax Act, 2025, are sparking a debate between old and new tax regimes. Salaried taxpayers may find the old regime more beneficial if they can utilise exemptions like ...

Donor-advised funds offer an upfront tax break but mean losing control of your money.