Input Service Distributor (ISD) [w.e.f. 01/04/2025] The concept of ISD started as a facility made available to businesses having a large share of common expenditure and billing / ...

GST: The government has made the ISD mechanism mandatory, effective April 1, 2025. This means that the distribution of common ...

but the tax officer reassessed it as Rs 84.17 crore and denied him foreign tax credit (FTC) for taxes paid in the UK. Listen to Story Shah Rukh Khan wins tax case as ITAT gave ruling in his favour The ...

WASHINGTON, March 10 (Reuters) - A group of Republican lawmakers urged the House committee drafting President Donald Trump's proposed tax cuts in the upcoming budget reconciliation bill to ...

So, if it wants to take reverse charge chargeable supplies, it should make sure to get registered as a normal taxpayer but cannot distribute the tax credit available thereof. From 1st April 2025, ISD ...

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The Federal Board of Revenue (FBR) has directed Pakistan Revenue Automation Limited (PRAL) to remove the check to allow input tax adjustment in the sales tax returns to 21 companies paid on behalf ...

Languages: English. Tax season is well underway and U.S. taxpayers should be aware of various credits and deductibles that can reduce their overall tax bill. More than 40 million returns have ...

The child tax credit is one of the most popular credits to claim in tax season. This is what to know if you want to claim it this year. Thomas is a native of upstate New York and a graduate of the ...

Reverse Yankee supply is set to remain strong in the coming months as the cross-currency basis swap continues to trade at very low levels (resulting in lower cost for swapping). In addition, USD ...

Changes like a larger child tax credit and an expanded standard deduction cut income taxes for many low and middle earners, while lower marginal tax rates and tax deductions for business owners ...

The Additional Child Tax Credit (ACTC) is the refundable portion of the Child Tax Credit, but only if you claim it. What Is the Additional Child Tax Credit? The Additional Child Tax Credit (ACTC ...