Draft Income Tax Rule 36 Targets Affordable Housing and Semiconductor Units
India's CBDT draft Rule 36 sets tax benefit criteria for affordable housing and semiconductor units, introducing price caps…
Gambling Commission Rings-Fences UK Igaming Fees for 2026/27
UK and Brazil move to hike gambling taxes and licence fees by 2026/28, as X bans influencer ads,…
Income Tax Rules Draft Tighten Unrealised Rent Cases, Rural Branch Advances
The 2026 Draft Income-tax Rules set strict proof requirements for unrealised rent deductions and standardize bank calculations for…
Draft Income Tax Rule 23 Calculates Pro Rata Discount on Zero Coupon Bonds Under Section 32(d)
India's CBDT Draft Rule 23 introduces a daily pro rata formula for zero coupon bond discount deductions, effective…
India–france DTAA Amending Protocol Grants Source Country Tax on Gains
India and France sign a tax treaty protocol shifting capital gains taxation to the source country and introducing…
CBDT Notifies Draft Income Tax Rule 38 Under Section 47(1)(a)
India's CBDT unveils Draft Rule 38 for agricultural project tax deductions, requiring measurable outcomes and financial verification starting…
Draft Income-Tax Rules, 2026, Define Infrastructure Facility Deductions Under Section 32(e)
India's Draft Income-tax Rules 2026 set new ownership and operational criteria for infrastructure facilities to qualify for essential…
CBDT Draft Rule 26 Shields Payments Over ₹10,000 from Disallowance
India's CBDT unveils Draft Rule 26, exempting certain payments over ₹10,000 from electronic-only requirements to prevent tax disallowances…
National Council for Science and Technology Innovation Approves Draft Rule 29
India's draft tax rules centralize research approvals under NCSTI, allowing 100% deductions for scientific spending starting April 2026.
Treasury Offset Program Threatens Social Security for Student-Loan Borrowers
The U.S. Department of Education paused student-loan default collections in Jan 2026, delaying wage garnishment and tax offsets…
Pinecrest Mayor Joseph Corradino Warns HJR 203 Could Crush Homestead Properties
Florida House passes HJR 203 to scrap non-school property taxes for homesteads, creating a potential $14.8B local budget…
Vietnam Upholds Tax Transparency Under Law on Tax Administration
The EU blacklisted Vietnam for tax non-cooperation in 2026. Hanoi defends its transparency efforts while businesses brace for…
40% Written Down Value Cap Hits Depreciation Under Draft Income Tax Rule 25
Draft Income-tax Rule 25 caps depreciation at 40% of WDV for taxpayers in concessional regimes, standardizing limits for…
Brian Fitzpatrick Backs One Big Beautiful Bill Act to Boost Clean Energy Tax Credit
Rep. Brian Fitzpatrick (R-PA) launches a legislative push to restore wind and solar tax credits eliminated by the…