W-2s and 1099s will not have new fields this year, but the IRS has now provided guidance on how employees can still claim tax deductions for tips ...

The Tribunal held that once CPC allowed the 80JJAA deduction through a subsequent Section 154 order, the earlier rectification appeal no longer survived. The appeal was dismissed as academic, with a ...

Kerala High Court held that compounding under KVAT Act for that year cannot be cancelled in case suppression of turnover is detected with respect to dealer who have paid tax at compounding rate.

The case examined whether the tax officer was justified in rejecting the assessee’s DCF-based share valuation under Section 56(2)(viib). The Tribunal held that once DCF is chosen, the AO cannot switch ...

Is Rachel Reeves really going to scrap stamp duty this week? - Property experts agree tax changes are needed to unblock the ...

Delhi High Court held that VAT (Audit) officer, not being jurisdictional officer, are not competent to complete assessment. Accordingly, assessment orders are quashed due to lack of ...

The ROC levied penalties after finding that mandatory company details were omitted from MGT-9 and financial statements. The order highlights that even inadvertent filing gaps attract liability under ...

Joint Base Andrews houses Air Force One. Gerald R. Ford was the first president to golf there in 1974 and it was a favorite ...

(IN BRIEF) thyssenkrupp Automotive Technology has signed an agreement to sell its Automation Engineering business unit to Agile Robots SE as part of its broader strategic repositioning toward growth ...

The University of Twente’s BRAINS Center for Brain-Inspired Computing has developed a groundbreaking hardware-based learning method that enables electronic materials to adapt without using ...

Digi Communications N.V. announces the release of the Q3 2025 financial report ...