The Economic Times on MSN2h
Income Tax Department reduces time allowed to apply for old income tax refunds; check the new time limit
Income taxpayers often file this application requesting the tax department to condone delay in filing/revising ITR in order ...
Tax Court Affirms IRS Lacks Authority To Assess Certain Foreign Information Penalties
The latest decision in Mukhi v. Commissioner came after a flurry of activity involving the IRS' ability to assess the penalty ...
CBS News on MSN10h
H&R Block and Intuit drop on a report that Elon Musk's DOGE may develop a new tax-filing app
H&R Block and Intuit shares dropped on Tuesday after the Washington Post reported that President-elect Donald Trump's Department of Government Efficiency ... the idea of crafting a mobile app to file ...
New condonation of delay rules for companies claiming benefit of lower income tax
New condonation of delay rule for companies, trusts and others for claiming benefit of lower tax, tax audit and others, Know the latest changes ...
Direct Tax Collections Poised To Surpass Budget Target For 2024-25
India’s net direct tax collections, comprising corporate tax and personal income tax, shot up by a robust 15.4 per cent to Rs ...
Income tax department warns: ‘Declare foreign assets or pay ₹10 lakh penalty’
The I-T dept launched a compliance campaign urging taxpayers to report foreign assets in their AY25 returns, noting that ...
Louisiana Senate Committee Votes to Keep Film Tax Credit While Lowering Cap to $125 Million
The Louisiana Senate has proposed keeping the film incentive, though with a reduced cap, after the House voted to repeal it ...
MediaNama12d
Income Tax Department knocks on Truecaller’s door, reports site concern with transfer pricing policies
The probe reportedly centers on Truecaller’s transfer pricing practices—a framework for pricing transactions within ...
Tax Guru3d
High-Pitched Assessments in Income-Tax Cause Injustice
The article raises several questions about the fairness and efficiency of the Income-Tax Act, administration, and assessing ...
The Financial Express1h
Taxpayers’ Lounge at India International Trade Fair: Get all your tax-related queries answered and issues resolved!
Reflecting the theme of Viksit Bharat, the pavilion’s central structure illustrates India’s aspirations to shine on the ...
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Legal Digest | Why Income Tax department cannot look into the same matter by invoking another section
The High Court rightly rapped the Income Tax department on its knuckles for not accepting the CIT revisionary order with ...
Fact Check: Fox News did not report California governor planned to withhold federal tax
Fox News did not report that California Governor Gavin Newsom announced plans to withhold hundreds of billions of dollars in ...