The Latest Breaking News from Income Tax

California Governor Gavin Newsom for years had an enviable problem. His state was awash in cash.

People found indulging in tax malpractice can face penalty up to 200% of disputed amount apart from imprisonment, says Principal Chief Commissioner of Income Tax (Andhra Pradesh and Telangana) Mitali Madhusmita

Public finance minister says he continues to press the UK Government for greater borrowing powers

The Income Tax department has revoked the tax exemption status granted to the Centre for Policy Research, the Hindu reported yesterday.

The Income Tax Department has cancelled the tax exemption status of the Centre for Policy Research

From abolishing tuition fees to raising income tax for top earners, several pledges have been reversed

Proposed Pennsylvania tax breaks could result in big tax cuts, but if the tax breaks happen, will they be enough to help Pennsylvania replace the 40,000 residents it lost?

The arrest of YouTuber Thoppi has shone the limelight on social media influencers.

The knock-on-impact of high inflation and frozen tax allowances may have pushed more people aged 65 and over into paying tax, experts suggested.

The Rent Tax Credit was introduced last year and it allows people who pay income tax to reduce their tax

HARTFORD, Conn. — Former Connecticut Gov. Lowell Palmer Weicker Jr., a larger-than-life former U.S. senator and governor who helped create the state income tax while becoming one of the most dominant figures in Connecticut politics for decades, died Wednesday after a short illness, his family confirmed.