Explore how nonprofit organizations gain federal tax-exempt status under IRS 501(c) and discover the conditions they must ...

The High Court held that exemption under Section 11 cannot be denied merely because Form 10 was filed belatedly. The key takeaway is that substantive tax benefits for charitable trusts prevail over ...

The case examined whether short delays in filing mandatory exemption forms during the pandemic could be condoned. The High ...

What does it mean to be tax-exempt? Tax-exempt means not being required to pay taxes on certain types of income. Find out what type of income is included.

Do I need to fill out a Form 709 for this on my taxes this year?” (Photo subject is a model.) - /iStockphoto Last year, I ...

Tax expert CA Ruchita Vaghani said contrary to popular belief, the Income Tax Act does not require a formal rent agreement ...

Extra work hours in the week can mean extra pay. Now, it can also mean a new tax benefit you can claim on your return come tax time. Starting Jan.

Holding that there was no real delay, the Tribunal directed grant of section 80G approval. The decision stresses practical and reasonable interpretation of filing ...

As the 2026 tax filing season draws closer, the Internal Revenue Service (IRS) is encouraging Americans to begin preparing ...

Exemption was curtailed because the auditor reported application from past accumulations. The Tribunal ruled CPC acted correctly but allowed reassessment based on corrected Form ...

Cyprus’ tax reform, which took effect on January 1, 2026, is expected to deliver direct financial benefits to taxpayers ...

Senior citizens can manage their Fixed Deposit interest income effectively. Banks deduct Tax Deducted at Source (TDS) on ...