Taxpayers who were tricked as a result of a traditional investment scam may be entitled to tax relief—taxpayers who lose ...

The tax department clarified that any expenditure incurred to resolve proceedings under four specific laws will not be ...

The Central Board of Direct Taxes (CBDT) notified that any expenditure incurred to settle proceedings initiated in relation ...

Some bad faith insurance claims involve physical injuries or property loss. But determining what insurance money is tax free ...

The income tax department announced that taxpayers cannot claim deductions for expenses incurred in settling proceedings ...

CBDT rules out tax deductions for expenses incurred to settle proceedings under Sebi, Competition Act, and two other laws.