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Discover what constitutes the taxable income of a corporation, including deductions, credits, and essential regulations. Learn how to calculate and report taxable income effectivel...
Discover what constitutes the taxable income of a corporation, including deductions, credits, and essential regulations. Learn how to calculate and report taxable income effectivel...
The nation’s aggregate Company Income Tax (CIT) for Q4 2025 is reported to be 1.49 trillion, the National Bureau of Statistics (NBS) has said. The figure is contained in the
Income Tax Department cannot initiate Legal Proceedings upon Commencement of CIRP: NCLT The National Company Law Tribunal (NCLT) Hyderabad ruled that the income tax department cann...
Foreign Company Income Not Taxable in Shareholders’ Hands, HC Clarifies The case arose from a search conducted on Pradeep and Neera Wig, during which documents were found relating...
IIFL Capital Receives Rs 68.07 Crore Income Tax Demand The Joint Commissioner of Income Tax, Central Circle–4(4), Mumbai, has issued an order dated May 7, 2026, demanding Rs 68.07...
Income Tax Deletes Rs 25.79 Crore Tax Demand Raised Against Uniparts India Ltd for AY 2024-25 Uniparts India Ltd informed BSE Limited and National Stock Exchange of India Limited o...
Dalmia Bharat Sugar and Industries Faces Rs 42.54 Crore Income Tax Additions; Plans to Appeal Dalmia Bharat Sugar and Industries Limited has landed in a serious income tax dispute....
Commission paid to non-residents does not give rise to income chargeable to tax in India: ITAT Ahmedabad Kiri Industries Ltd. vs. DCIT (ITA No. 2065/Ahd/2025) Facts: 1. The as...
Sagility Limited Faces About Rs 100 Crore Income Tax Demand Over Transfer-Pricing Adjustments Sagility Limited has informed the Stock Exchanges of India that it has received an inc...
The Internal Revenue Service established a program to allow corporate taxpayers to request rulings on certain issues.
Kokuyo Camlin Receives Income Tax Rectification Order, Demand Reduced to Rs 34 Crore Kokuyo Camlin, an indian stationary manufacturing company, said that it received a rectificatio...
Discover how corporate taxes are a type of business expense and explore effective management strategies to optimize your tax obligations, improve cash flow, and enhance overall fin...
UltraTech Cement slapped with Rs. 808.78 Cr Income Tax Demand UltraTech Cement Limited has received assessment order under Section 143(3) of the Income Tax Act, 1961 for Assessment...
Smaller corporate tax bills after the OBBBA are not evidence of new giveaways or loopholes. They are evidence the tax code is finally treating investment the way it should.
SC Dismisses Revenue SLP in CIRP Case; Income Tax Reassessment Invalid The Supreme Court has delivered a landmark victory for corporate recovery by upholding the “clean slate” prin...
Dividend Income Taxability Defeats Section 14A Disallowance, Holds ITAT The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) on 30 March held that disallowance under Section...
Only Profit, Not Full Purchases Taxable: ITAT Reduces Alleged Bogus Purchase Addition from 25% to 12.5% The ITAT Mumbai dismissed the tax authorities’ appeal concerning how much in...
In carve-out transactions, especially in take-private transactions backed by private equity (PE), tax friction costs can often make or break a deal. By the same token, creative tax...
Incentives under the Package Scheme of Incentives in Maharashtra is taxable under the Income Tax Act The taxability of government subsidies has long been a debated issue under the...
Income Tax Demand of Rs. 29.47 Cr of TVS Srichakra Reduced to Rs. 3.11 Cr The SEBI disclosure in respect of the previous Income Tax Demand Notice, dated 26 March 2026 by the Assess...
THE Court of Tax Appeals (CTA) has partially granted the refund claims of Shell Pilipinas Corp. totaling P134.94 million in excise taxes, and ordered the Bureau of Internal Revenue...
Discover what company taxable income is and why it plays a crucial role in business finances. Learn how it affects tax obligations and overall profitability in our comprehensive gu...
Discover the current company profit tax rate in your country and understand how it impacts your business. Stay informed with our comprehensive guide that breaks down the rates, com...
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