In the current global uncertainty, investors, especially foreign ones, look for tax certainty and policy continuity. Buyback ...
The U.S. Court of Appeals for the Fifth Circuit ruled that the meaning of “limited partner” under Section 1402(a)(13) of the Internal Revenue Code of 1986, as amended (the “Code”), is determined under ...
Cooperatives registered under the Multi-State Cooperative Societies Act, 2002 are formally included in the Income-tax Act definition. The change aligns taxation with the existing cooperative ...
This explains how the new law defines “income” using an inclusive approach rather than a fixed list. The key takeaway is that any real economic gain is taxable unless specifically ...
According to experts, tax incentives are needed to sustain the demand. “Tax incentives for homebuyers, especially an ...
Welcome to this week’s edition of Tax Bytes. Our team of tax lawyers is actively monitoring for federal and international tax developments and ...
Ahead of Budget 2026, realtors seek higher home loan tax deductions, a wider affordable housing definition, and ...
In a move expected to bring relief to employers and reduce routine tax disallowances, the finance bill has proposed a key change to the treatment of e.
Last week Donald Trump filed suit against the IRS, demanding $10 billion in compensation for the unauthorized disclosure of ...
At first it seemed like something from the satirical website Babylon Bee. The new governor of Virginia, the “moderate” Democrat Abigail Spanberger, has proposed a tax hike on services such as dog ...
Tax evasion means purposely not paying taxes you owe. In contrast, a tax filing error usually happens because of a mistake, misunderstanding, or oversight. Most errors can be fixed by filing an ...
The provision taxing the difference between fair market value (FMV) and acquisition price of shares as income from other ...