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Tim Greimel: Mayoral term in review

Tim Greimel’s term as Pontiac’s mayor is over. He dropped his re-election bid a year ago, opting instead to run for the 10th ...

Income Tax Slabs Budget 2026 Key Points: FM Nirmala Sitharaman keeps tax slabs unchanged, introduces foreign asset disclosure scheme for small taxpayers

All eyes are on Part B (taxes) of FM Nirmala Sitharaman’s Budget speech today. This is where the announcements that affect ...

Budget 2026: India juggles fisc with global risk to sustain goldilocks economy

Budget 2026 Highlights: India has set a lower fiscal deficit target and higher capex outlay for FY27 with a reforms push, ...
Tax Guru

Ad-hoc 20% Profit Estimate Set Aside; ITAT Restricts GP to 5% in Milk Trading Case

The Tribunal held that estimating profit at 20% of turnover in a milk trading business was arbitrary and unsupported by industry realities. It restricted the gross profit rate to 5%, recognising ...