House Republicans on Monday outlined their plans for a far-reaching tax bill that would deliver on several of President Trump ...

One item is a “longstanding priority for the AICPA and the tax profession,” a news release said. The AICPA cited the “potential detrimental impact” of other provisions.

The bill would make key portions of the TCJA permanent and create a new "senior bonus" deduction, among its many provisions. An AICPA statement said it is “deeply troubled” by the plan to curtail use ...

ITAT Ahmedabad held that addition under section 69A of the Income Tax Act not sustained since three key ingredients i.e. identity, genuineness and creditworthiness of parties being proved. Accordingly ...

ITAT Kolkata held that CIT (A) accepted additional evidence and allowed the relief u/s. 10 (26AAA) of the Income Tax Act without allowing an opportunity of being heard to AO. Therefore, the order of ...

This is the change which the new tax bill 2025 brings- If the current provision ... Income Tax Act, 1961. Further, the current language of the proposed bill does not provide for a nil TDS. This ...

CA Yeeshu Sehgal says: “The change proposed by the Income Tax ... does not provide for a nil TDS. This means that under the new bill, payee may not be able to obtain a certificate of zero withholding ...

Adjusted net income was $366 million, up 9%, resulting in adjusted diluted EPS of $1.44, an increase of 8.3%. Our effective non-GAAP tax rate was ... our multiple general ledger systems into ...

DEX users contributing to liquidity pools by supplying cryptos are often rewarded with portions of transaction fees as income ... nature of the blockchain ledger means that no information can ...

Tx., previously told Semafor that the accounts would help children in the U.S. "begin the journey of savings and benefit from ...