Tata Steel received a show-cause notice along with a tax demand from the Officer of the Commissioner (Audit) of Central Tax, ...

The Sikkim High Court has ruled that businesses are eligible for refunds on unutilised input tax credit (ITC) even after discontinuing operations. This decision came after SICPA India, a security ...

In a significant ruling with far-reaching policy implications, the Sikkim High Court has allowed the refund claim of accumulated input tax credit (ITC) upon the closure of a business. This ...

Under GST norms, enterprises are allowed credits in input tax on purchases meant for outputs, which they can claim in the ...

The Tax Cuts and Jobs Act, or TCJA, of 2017 temporarily boosted the maximum child tax credit from $1,000 to $2,000, which will expire after 2025 without action from Congress. If enacted, the ...

The California Senate today voted 34-1 to approve its version of legislation aimed at expanding and retooling the state’s Film and Television Tax Credit Program ...

Many experts believed that getting rid of the EV tax credit would hurt legacy automakers, which continue to lose money on their EV operations, more than it would hurt Tesla.

State lawmakers, in their recently approved $55.8 billion, two-year budget, have created a new tax credit incentive for individuals and businesses to make “payments” to UConn.

WASHINGTON (Reuters) -A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those ...

Ohio's historic tax credit program, which began in 2007, is among the most competitive in the country and has bolstered the state's reputation as a hotbed for preservation.

Millennials and Gen Z want a $5K Child Tax Credit—Dave Ramsey weighs in on how this bold proposal could reshape your finances and family budget.

Senate Bill Would Raise Value of Tax Credit to Use Captured CO2 to Produce More Oil By Valerie Volcovici WASHINGTON (Reuters) -A U.S. Senate panel proposed making the tax credit for capturing ...