ITAT Mumbai held that deeming fiction of section 50C cannot be extended while working out the written down value [WDV] for the purpose of claiming depreciation on the block of asset. In other words, ...

Assessees were qualified as companies owning an industrial undertaking within the meaning of Section 72A. Accordingly, the carry forward and set-off of accumulated business losses and unabsorbed ...

Treasury and IRS issue Notice 2026-11 on the permanent 100% additional first year depreciation deduction and rules for qualified sound recording productions.

Understanding depreciation can help you lower taxes, plan smarter finances, and see the true value of what you own over time.

What is depreciation? Learn how it works, the main methods and how it impacts your business taxes and accounting.

This article explores the strategic use of this election, highlighting its potential to optimize tax outcomes for both trusts and beneficiaries while cautioning against its pitfalls.

The tip off of the 2025-26 NBA season marked the beginning of a new media rights deal and the end to the TNT era. Luckily for NBA fans, the beloved Inside the NBA pre- and postgame show with host ...

The U.S. federal government slashed the number of diseases that all children are advised to be vaccinated against to 11 from 17. By Maggie Astor Dani Blum and Teddy Rosenbluth The Centers for Disease ...

The US Department of Health and Human Services is recommending fewer vaccines for most American children, health officials said Monday. Health officials will continue to recommend the measles, mumps ...

* The Grizzlies’ and Magic’s home and road counts don’t include their games in Berlin and London. The Hawks are the only team with a winning record (10-8) on the road and a losing record (6-11) at ...

Shares of cannabis companies jumped on Friday after the Washington Post reported U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana ...