WASHINGTON (AP) — A proposal by Republicans in Congress would allow President Donald Trump’s administration to remove the tax ...

Nixon plotted to use the IRS to target his political enemies. Congress passed a statute to prevent that.

Mumbai, on April 17, 2025, held that long-term capital gains (LTCG) tax exemption under Section 54 cannot be denied by the ...

GOP tax reform bill proposes expanded deductions, CTC, and tip exemptions, some benefits could reach low-income families, but ...

For nearly 90 years, credit unions across the country have enjoyed tax exempt status as non-profit organizations.

which is poised to become the first U.S. state to exempt capital gains from its income tax. Legislation that won final approval Wednesday would halt the capital gains tax this year for individuals ...

Bloom said that revoking a university's tax-exempt status would be potentially devastating. "They would be on the hook for a range of taxes, both federal and state-income tax, local property tax ...

Below you’ll find a bill-by-bill breakdown of the tax-related provisions (cuts, refunds, rebates, credits, deductions, increases, or structural code changes) in the Fiscal Year 2025 budget bills.

The CBI arrested Jeevan Lal Lavidiya, Commissioner of Income Tax (Exemption), Hyderabad, for allegedly accepting a bribe of ₹70 lakh to favour the Shapoorji Pallonji Group. Lavidiya, a 2004 ...

According to a "Tax Exemption Policy and Management Framework" published recently, no ministry or government agency, including the NBR, will be authorised to provide income tax, VAT, or duty ...

Hyderabad: In a nation-wide operation, CBI on Saturday arrested Jeevan Lal Lavidiya, commissioner of Income Tax (exemptions), Hyderabad, along with four others in a bribery caseinvolving Rs 70 lakh.

New Delhi: The CBI has arrested Commissioner of Income Tax (Exemption), Hyderabad, Jeevan Lal Lavidiya, for allegedly accepting a bribe of Rs 70 lakh to settle an appeal in favour of Shapoorji ...