Latest News for: income tax

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FCC rules income tax on immovable properties ‘confiscatory in nature’

Dawn 17 Jun 2026
The Federal Constitutio­nal Court (FCC) on Tuesday ruled that Section 7 E of the Income Tax Ordinance (ITO) 2001 was merely illusory since it was confiscatory in nature, imposed upon immovable ...
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Income Tax: Foreign travel and luxury spending can create tax filing obligations - All you ...

India TV 16 Jun 2026
Many taxpayers are under the impression that they need not file an Income Tax Return (ITR) if their ...
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Income Tax Rates Amendment (Tax Reform No. 1) Bill 2026 Senate Inquiry (National Farmers' Federation Ltd)

Public Technologies 16 Jun 2026
). The NFF calls on the Australian Government to ensure that the proposed capital gains tax (CGT) changes in the Treasury Laws Amendment (Tax Reform No ... The NFF's full submission can be found. Attachments Original document Permalink.
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Income Tax Return: Is Form 16 mandatory for ITR filing & what to do if the employer has not issued it?

The Times of India 16 Jun 2026
One of the first things a taxpayer should do before logging into the income tax portal (incometax.gov.in/iec/foportal/) to file their tax return is to keep all necessary documents required for ITR handy.
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Income tax alert: These taxpayers could receive scrutiny notices by June 30, 2026 under Section 143(2)

The Times of India 15 Jun 2026
CBDT issues new guidelines. Check if you could face income tax scrutiny this month .
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Falling Company Income Tax exposes pressure on Nigerian businesses as VAT increases

Business Day Online 15 Jun 2026
Nigerian businesses appear to be generating sales but struggling to convert them into profits, according to the analysis of the. read more Falling Company Income Tax exposes pressure on Nigerian businesses as VAT increases ....
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ITR filing FY 2025-26: Can you switch between new and old income tax regime every year?

The Times of India 15 Jun 2026
A choice between the old and new income tax regime is an important one - which one saves you more tax? But the answer to that can change every year ... What documents are required to file your income tax ...
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Income tax return for 2025 expected on TAXISnet by end of week

Philenews 15 Jun 2026
The personal income tax return for 2025, without accounts, is expected to be posted on TAXISnet by the end of the new week, marking the start of the submission process ... The Tax Commissioner reminded ...
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Treasury: Individual Income Tax Hits Processing Milestone at 95% (Michigan Department of Treasury)

Public Technologies 15 Jun 2026
The Michigan Department of Treasury today announced that 95% of individual income tax returns have been ... To learn more about the state's individual income tax, go to https.//www.michigan.gov/incometax.
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Why some income tax returns get picked for scrutiny

Deccan Herald 15 Jun 2026
<p>Every year, crores of taxpayers file their income tax returns ... income and claiming deductions ... Notices, replies, documents and explanations are generally handled through the income tax portal.
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Missouri governor wants to slash income tax. Some Republicans aren’t on board

Kansas City Star 14 Jun 2026
A small but vocal group of Republicans spoke out against a proposal to repeal the state’s income tax. Here’s why ... .
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Burnham: Income-tax freeze is harming pensioners

The Daily Telegraph 14 Jun 2026
Andy Burnham has warned that pensioners are being harmed by Labour’s freeze on income tax, and suggested he would revisit the policy if he becomes prime minister ... Hands off our Pensions, Andy Burnham, Income tax, Tax in retirement.
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