The Priority Guidance Plan’s refection of the Trump administration’s deregulatory agenda presents both opportunities and risks for taxpayers, say KPMG practitioners.

Under the old tax regime, individuals and businesses could claim a variety of exemptions and deductions—such as house rent ...

The new tax regime is now the default option. If you wish to continue with the old tax regime, you must inform your employer.

Starting April 22, 2025, a 1% TCS will apply on luxury goods above ₹10 lakh, including items like yachts and designer handbags. This aims to enhance tax transparency and monitor high-value purchases.

Notably, taxpayers can claim exemption for HRA along with the interest on home loan under the old tax regime in the same year ...

They highlighted frequent GST regime changes, erratic tractor loaning and provincial subsidy schemes, commodity support ...

Under current rules, salaried taxpayers must inform their employers of their choice between the old and new tax regimes at ...

With the new financial year 2025–26 in full flow, salaried individuals and other taxpayers are once again faced with an ...

The new financial year, FY26, has already started. With this new financial year comes the new Tax regime, which has a big difference in terms of many things. The government has recently rolled out ...

Major portions of the U.S. tax code are scheduled to expire at the end of 2025, and as the U.S. tax landscape faces potential ...

Apple also brought $245 billion in overseas profit back to the U.S. and paid $38 billion in taxes as part of the repatriation. Did Apple’s contribution translate into new jobs? The short answer ...

Another way to split your refund is to divide it between short- and long-term savings, assuming you’re not carrying credit ...