A Mumbai tenant received tax relief after the Income Tax Appellate Tribunal ruled that the fair market value of surrendered tenancy rights should be the cost of acquisition for a property sold for Rs 38.62 lakh, significantly reducing his capital gains tax liability.
Gwanak District in Seoul is providing tax relief measures, including extending payment deadlines for local taxes, to support businesses and small merchants struggling with rising international oil prices. The district will extend the deadline for individual local income tax payments from June 1 to August 31 for eligible recipients.
President Trump's proposed gas tax holiday to alleviate cost-of-living concerns is facing opposition not only from Democrats but also from Republican-leaning trucking and construction industries, which rely on federal gas and diesel taxes for infrastructure funding.
Treasurer Jim Chalmers says the offset will allow future governments to return bracket creep to working Australians in the form of an offset. Follow live.
President Donald Trump floated a federal gas tax suspension. If enacted, here's how that could impact consumers.
President Donald Trump floated a federal gas tax suspension. If enacted, here's how that could impact consumers.
