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The High Court has granted an urgent hearing to a judicial review challenging the Government’s proposed changes to inheritance tax reliefs for farms and family businesses, in a move that significantly raises the legal stakes around reforms currently passing through Parliament. The claim, brought by Collyer Bristow LLP on behalf of professional services firm Alvarez […]
FOX Business Gerri Willis breaks down the impact of President Donald Trumps tax cuts on Varney & Co. Tax filing season officially opened on Monday for Americans to begin filing their returns for 2025 and policymakers are signaling that tax refunds are expected to be $1,000 larger than a year ago. Taxpayers will have between […]
The Institute of Chartered Accountants of India (ICAI) has proposed introducing a joint taxation system for spouses, under which married couples could file a single income tax return by combining their incomes and applying revised tax slabs. Under such a regime, rental income from property would be taxed at the household level rather than being […]
Over decades, foreign investors have poured $180 billion into India via the tax haven of Mauritius. Now, an Indian court ruling is spooking investors as it could potentially reshape the M&A and investment landscape by strengthening New Delhi’s hand against tax evasion. India ended the tax-free system under the India-Mauritius treaty in 2017, but Tiger […]
The Municipal Corporation of Delhi (MCD) collected over ₹2,700 crore of property tax by December 31 for the 2025-26 financial year, recording the highest-ever collection for this period, officials said on Saturday. MCD property tax: The number of registered property taxpayers has also increased sharply from 1.03 million last year to 1.24 million this year, […]
Tiger Global’s $1.6-billion stake sale in Flipkart at the time of the Walmart-Flipkart acquisition deal in 2018 is subject to tax, the Supreme Court of India said on Thursday in what is seen as a landmark ruling on use of international tax treaties by companies. Walmart acquired Flipkart for $37 billion in 2018 in what […]
NEW DELHI: Gross direct tax collections in the current financial year up to January 11 have seen a 4.14% annualised growth to about ₹21.5 lakh crore, driven by higher corporate tax revenues, according to the government data released on Monday. Net proceeds included net corporate tax revenues of over ₹8.63 lakh crore and tax from non-corporates came […]