ITAT Agra held that confirming penalty under section 271B of the Income Tax Act before finalization of quantum assessment is unjust and unfair. Accordingly, matter restored back to CIT (A) for fresh ...

Pre-tax income and revenue are two distinct financial metrics, each serving a different purpose in evaluating a company’s ...

A.P. Moller-Maersk reported a 65 percent increase in earnings before interest and taxes (EBIT) to $6.5 billion in 2024, ...

Eicher Motors posted weaker-than-expected Ebitda margin, which contracted 190 basis points (bps) to 24.2 per cent in Q3FY25, ...

Medical expenses can be a major tax deduction, but only if they go over 7.5% of your adjusted gross income, which is ...

Radiant ( NYSE: RLGT) reported adjusted earnings before interest, taxes, depreciation and amortization of $12 million, 56% higher y/y. Adjusted earnings before interest, taxes, depreciation and ...

Will the new tax regime put more money in your pocket, or should you stick with the old regime? Here is all you need to know.

(ii) The Assessing Officer failed to appreciate that as per the DTAA, gains in respect of shares acquired post 4.2017 are taxable as per the Act and that these are the only losses which are carried ...

“The benefits of the deduction go primarily to high-income taxpayers because high-income taxpayers tend to itemize more often, and the value of the deduction increases with the price of a home,” ...

The decrease in deposit rates results in diminished returns for fixed deposit (FD) investors, particularly senior citizens ...

President Donald Trump wants to end the carried interest loophole. Here's how the tax break benefits Wall Street investment ...

Ford, bedeviled by high warranty costs, reports that its fourth-quarter spending there fell $500 million from Q3.