Large cash payments for property, gold, or cars are restricted. Daily expenses like groceries can be paid in cash. The Income ...

Tax Department alerts flag ITR deduction mismatches, mainly for salaried staff and large donations, causing confusion and ...

Learn how the Income Tax Department handles high cash deposits, what notices to expect, and step-by-step strategies to respond with proper accounting and documentation to avoid reassessment ...

The issue was whether foreign bank balances funded through LRS could be taxed as unexplained credits. ITAT held that once the source and opening balance are established, section 68 cannot be invoked ...

TIM WALZ ANNOUNCED MONDAY that he’s dropping his bid for a third term as Minnesota governor. His decision was prompted by the ...

Learn why Nigeria's 2026 tax reforms will use bank narrations to determine tax liability and how clear descriptions are now ...

Since he took office in 2023, Gov. Wes Moore has made housing a focus of his administration, and nearly every speech.

The Trump administration plans to freeze federal funding for child care and social service programs in five states, including ...

Under the new framework, individuals earning up to N300,000 annually are exempt from tax; small businesses with turnovers ...

The Education Department quietly announced that there are no plans to restore a tracker that had allowed borrowers to assess ...

The Federal Government will proceed with the implementation of the remaining two recently signed tax reform laws on January 1, 2026, as scheduled, notwithstanding the controversy over alleged ...

Edmunds released its fourth-quarter data on Jan. 5 and it showed various records being broken including the highest ...