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.

House Republicans voted to eliminate the $7,500 federal EV tax credit and impose a new annual $250 fee on EV owners.

By making the 2017 Tax Cuts and Jobs Act — a landmark accomplishment of Trump’s first term — permanent, the annual tax credit families can claim per child would increase from $2,000 to ...

That might include the EV tax credit, which is set to expire at the end of 2032. In general, the credit is worth up to $7,500 for qualified new vehicles, or up to $4,000 for qualified used vehicles.

In February, U.S. Senate Republicans proposed a pair of bills to kill the country's $7,500 electric vehicle tax credit and impose a new $1,000 tax on EVs to pay for road repairs, according to Reuters.

Under current law, Louisiana grants refundable credits to in-state insurers that are charged higher taxes while doing business elsewhere. A companion bill, HB516 by Rep. Chance Henry, R-Acadia, ...

‘Tesla tax’ on EV credits quickly passed by Washington lawmakers with limited public input by Lisa Stiffler on April 28, 2025 at 10:41 am May 6, 2025 at 7:51 pm Share 81 Tweet Share Reddit Email ...

Clean energy tax credits in the Inflation Reduction Act became law in 2022 with no Republican votes. Today, many of the tax credit benefits go to red states.

On social media, tax-saving hacks often get more likes than they deserve. One of the popular tips doing the rounds these days is: “Buy an iPhone for ₹2 lakh and claim GST input credit of 18% ...

DeWine's proposed child tax credit puts needed money in the hands of parents | Opinion Gov. DeWine's $1,000 per young child tax credit is more than just policy − it’s a statement about who we ...

IRS data indicates that only 7% of consumers who were eligible for a new clean vehicle tax credit between Jan. 1 and Oct. 1, 2024, opted to receive the credit when they filed their taxes, Allen said.