Excise taxes apply to a single good, service or activity for a special reason. Examples include fuel, coal and alcohol.

Section 143(1) notice is a routine tax intimation from the Income Tax Department highlighting discrepancies or acceptance of ...

Faced with criticism of President Donald Trump’s signature “One Big Beautiful Bill Act,” Republican leadership have focused ...

The Supreme Court was right in concluding Wisconsin erred in saying Catholic Charities’ activities shouldn't qualify for a ...

There are three separate bills that would make tips tax-free. Here's the differences between the no tax on tips bills and ...

The Supreme Court ruled Thursday that a Catholic charity group is entitled to tax relief it was denied on the basis that its ...

There will be no tax relief for individuals in low- and middle-income brackets, at least in the next fiscal year, even though ...

The middle-class tax rate decrease in New York State's new budget is not the biggest in 70 years, as claimed by Gov. Kathy ...

Some advice for the president and the tycoon so they don’t self-destruct trying to impose masculinity on America’s saddest ...

A federal tax liability is an amount that’s owed to the government in taxes. It can include income taxes on earnings and capital gains taxes on assets. Both are based on brackets, a percentage ...

In seeking to reshape elite universities, the Trump administration is using several tactics, including freezing federal ...

Many NRIs are unaware of the benefits of the Income Tax Act's sections 115C and 115I, which provide concessional tax ...