Income Tax Department reduces time allowed to apply for old income tax refunds; check the new time limit
The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. ​The latest circular has ...
Mississippi governor intent on income tax cut even if states receive less federal money
Mississippi Republican Gov. Tate Reeves says he will push lawmakers to phase out the state income tax, even if federal ...
Rs 10 Lakh Penalty If Foreign Assets, Income Not Disclosed
The Income Tax Department has cautioned taxpayers that not disclosing foreign assets or income in their Income Tax Return ...
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 ...
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 ...
LDA prepares list of high-value land buyers for tax probe
To date, about 200 prominent individuals who purchased large plots of land from the authority have been included. The list ...
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 ...
Bar & Bench1d
Supreme Court issues notice to PayPal in IT department's plea against stay on ₹32 crore demand
The Supreme Court on Tuesday issued notice in an appeal filed by the Income Tax department challenging an order of the Bombay ...
H&R Block, Intuit drop on report that Musk's DOGE may develop a tax app
H&R Block, Intuit stock dropped amid a report that Elon Musk's Department of Government Efficiency may develop a tax filing ...
Coinbase CEO Brian Armstrong Says DOGE Department Is A 'Once-In-A-Lifetime-Opportunity,' Advocates Abolishing Individual Income Tax
Coinbase CEO Brian Armstrong suggests eliminating individual income taxes in the US to simplify the system and promote ...
The Financial Express3h
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 ...
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 ...