IRS Allows Refunds on Dyed Fuel Taxes Under IRC §6435
IRS issues rules for reclaiming excise taxes on clear fuel later dyed for nontaxable use, requiring original taxpayers…
Michigan Treasury Sends Notice of Adjustment Letters to Thousands via Eservices
Michigan Treasury sent 27,000 incorrect tax notices in April 2026. No action is required from taxpayers as account…
GOP Proposes Indexing Capital Gains to Inflation, Cutting Top Rate to 15%
Republicans propose indexing capital gains to inflation and cutting top rates to 15%, but current IRS rules still…
£71.1 Billion Tax Bill Hits London as Frozen Thresholds Push Higher-Rate Taxpayers Up
Londoners paid record £71.1bn in income tax in 2023/24 as frozen thresholds pull more workers into higher brackets…
Labor Targets Negative Gearing and CGT Discount in Budget Overhaul
Australia considers 2026 budget reforms to negative gearing and CGT discounts to improve housing affordability and reduce tax…
Income-Tax Act, 2025 Replaces Tax Audit Forms with Section 63 and Consolidated Form 26
India introduces Form 26 and Section 63 for tax audits starting April 2026, replacing old forms with a…
Section 301 Rules Make Earnings and Profits the Key to Taxing Shareholder Distributions
Guide to 2026 corporate distribution reporting, 1099-DIV deadlines for 2027, and the tax impact of Earnings and Profits…
Israel Promises 0% Income Tax for New Immigrants in Major Aliyah Drive
Israel announces a 0% income tax for new immigrants in 2026-2027 on local income up to NIS 1M…
Income-Tax Rules 2026 Introduce Forms 46 and 47, Require Chartered Accountant Certification
Forms 46 and 47 create a new online route under India’s 2026 tax rules for multi-year arm’s length…
5 Key Investing Ratios That Reveal If a Share Price Is Truly Cheap or Expensive
Learn how to use financial ratios like P/E and debt-to-equity to evaluate business health, liquidity, and valuation for…
₹12 Lakh Rebate Won’t Stop Firms Deducting 10% TDS Under Section 194T
Section 194T requires firms and LLPs to deduct 10% TDS on specified partner payments above ₹20,000 from 1…
₹12 Lakh Income Pays Zero Tax Under Section 87A Rebate, Not Exemption
India's AY 2026-27 new tax regime offers zero tax up to ₹12 lakh for residents via Section 87A…
75+ Super Senior Citizens Can Skip ITR Filing Only If Section 194P Conditions Are Met
India's Section 194P allows resident seniors 75+ to avoid ITR filing in 2026 if income is limited to…
Upstox Warns ₹12 Lakh Section 87A Rebate Excludes Share Capital Gains Under New Tax Regime
Indian taxpayers must classify share profits as business income or capital gains carefully to navigate the new ₹12…