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What states have tax exemption for semi truck parts.
Government says exemptions were misused, promises consultations with stakeholders
The Central Board of Direct Taxes (CBDT), acting on behalf of the Central Government, has issued a new tax relief measure through Notification No. 112/2026, dated August 11, 2026....
The Dallas Express reports a significant development involving the federal Treasury Department and IRS. The U.S. Treasury Department and Internal Revenue Service proposed new regul...
The CBDT has granted the Baddi Barotiwala Nalagarh Development Authority (BBNDA) a retrospective income tax exemption under Section 10(46) of the Income-tax Act, 1961. The exemptio...
The exemption can save driver's £100s a year on vehicle costs
Only days after the World Cup Final, the IRS released a revenue procedure allowing tax-exempt foreign members of FIFA to avoid filing a Form 990.
The Central Board of Direct Taxes (CBDT) has announced the Baddi Barotiwala Nalagarh Development Authority (BBNDA) u/s 10(46) of the Income-tax Act, 1961, granting income tax exemp...
The Treasury Department escalated an effort to strip schools of their tax-exempt status if they consider race in admissions, scholarships or other areas.
The Central Government, through the Central Board of Direct Taxes (CBDT), has issued two notifications regarding the Maharashtra Electricity Regulatory Commission (MERC), PAN: AAAG...
Making Tax Digital for Income Tax became mandatory on 6 April 2026 for sole traders and landlords with qualifying income over £50,000, […] The post Making Tax Digital Exemptions: C...
While taxpayers under the new tax regime have limited opportunities to claim exemptions, Section 10(14)(i) remains available for specified allowances provided by employers to meet...
No Form 10B? ITAT Delhi Clarifies: Charitable Trust Cannot Be Taxed on Gross Receipts Alone Non-Filing of Form 10B May Deny Exemption Under Sections 11 & 12, But It Does No...
The post Using the normal expenditure out of income exemption for inheritance tax appeared first on LLP Site.
Section 54 Exemption Cannot Be Denied on Hyper-Technical Grounds: ITAT Bangalore Substantial investment in construction of a residential house is enough where the assessee establ...
Delaware will increase its military pension tax exemption from $12,500 to $25,000 by 2029, under Senate Bill 219. The law applies to all military retirees regardless of age and beg...
Many states ease the property tax burden of residents who are 65 or older.
This is not a minor procedural tweak. It changes how penalty relief gets delivered to millions of taxpayers, and what we owe our clients as their advisors.
Grant Christensen (Alabama) and Andrew Appleby (Tennessee) have a new piece recently published in the Yale Law Journal Forum, “State Tax Exemptions for Tribal Cultural Property.” H...
Section 54GB Exemption on Start-up Investment: ITAT Allows ₹1.48 Crore Deduction Proportionate investment qualifies, extended deadline applies and there is no ₹50 lakh cap, say...
Wondering when the Rs 1.25 lakh long-term capital gains tax exemption becomes available again? It resets every 1 April at the start of a new financial year.
Central organizations at nonprofits with local affiliates are now required to file a new form with the IRS to maintain their tax-exempt status.
The Treasury Department and the IRS issued proposed regulations threatening to end the tax-exempt status of schools that offer programs to help minority groups.
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