The ITAT Agra set aside the addition of ₹34.45 crore under Section 41(1) against Ginni Filaments, ruling that the evidence (creditor confirmations, invoices, and payment proof) must first be verified ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the ...

Starting January 1, 2026, the annual contribution limit for dependent care assistance programs (DCAPs) will increase from $5,000 to $7,500 (or $3,750 if married filing separately), marking the first ...

Taxpayers who buy a new car assembled in U.S. may be able to deduct up to $10,000 beginning in 2025. To help sort out the ...