The Bipartisan Budget Act of 2015 (BBA) created a “centralized system for audit, adjustment and collection of tax that applies to all partnerships,” with ...

The tax department has proposed a major redesign of 30 high-volume income-tax forms to reduce duplication, simplify ...

The Trump administration is expected this week to revoke a scientific finding that long has been the central basis for U.S.

A proposed 85 per cent cost recovery cap for Turkana’s oil blocks in the South Lokichar Basin has drawn sharp criticism from MPs and local elders, who warn that nearly all early oil revenue could flow ...

British Prime Minister Keir Starmer faces a leadership crisis over his appointment of Peter Mandelson as ambassador to the U.S. The release of files related to Jeffrey Epstein suggests ...

The Tribunal held that deduction under Section 80JJAA cannot be denied merely because Form 10DA was accepted late when it was uploaded before the due date and available on record before return ...

Agricultural producers have until March 2, 2026, to file their 2025 income tax returns without penalty if they have not made ...

The scheme operates within defined value thresholds: undisclosed foreign assets or income must not exceed 1 crore. Certain ...

Leaving Kenya? Most foreigners miss this sworn affidavit requirement that could block their exit at the airport.

The annual budget for year 2026-27 was presented before Parliament by the Finance Minister Ms Nirmala Sitharaman on February ...

The Earned Income Credit can reduce your tax liability and provide a refund. Learn about the updated AGI limits, QC rules and common pitfalls.

Many business owners who filed for the Employee Retention Credit are receiving disallowance notices under the One Big Beautiful Act. A how-to guide is here.