The legislation it refers to made various changes to the Internal Revenue Code that made it significantly easier for the IRS ...

Under Section 326(a) of the Tax Equity and Fiscal Responsibility Act of 1982, section 6702 was added to the Code providing for a civil penalty for frivolous income tax returns. This imposes an ...

Legislation to increase tax revenue by eliminating various taxation loopholes and instituting tougher enforcement procedures in collecting taxes.

On February 1, 2025, Finance Minister Nirmala Sitharaman is scheduled to deliver her eighth consecutive Union Budget. Under British administration, James Wilson introduced income tax and fiscal ...

Bearer bonds are a type of unregistered fixed-income securities that provide ownership rights to whoever physically holds ...

Net income of $13.7 million, or $0.71 per diluted share, for the three months ended December 31, 2024 compared to net loss of $7.9 million, or $0.41 per diluted share, for the three months ended Septe ...

In the grand framework of society, the principles of justice and equity ... expanded its tax net, reducing reliance on foreign aid and loans, and Sri Lanka has implemented fiscal reforms to ...

Tax breaks introduced in budget 2025 have reduced the tax advantages of equity investments for small and medium investors, especially those with annual incomes of up to ₹24 lakh. MUMBAI ...

President Trump is proposing to eliminate a tax loophole that's also a long-time target of some Democratic lawmakers. Mr. Trump is working on "no tax on seniors' Social Security, no tax on ...