Kerala High Court held that direction of reopening of assessment by appellate authority without any enquiry or without any material is unjustified and untenable in law. Accordingly, appeal allowed.

Republicans are likely to fight to keep key components of the Tax Cuts and Jobs Act in place, however they are not entirely ...

President-elect Trump tasked Musk and Ramaswamy with leading DOGE, and they may look to streamline the tax-filing process.

More than 90 percent of the city’s historic tax exemptions in 2023 went to property owners west of Interstate 35, with a ...

The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. ​The latest circular has ...

The latest decision in Mukhi v. Commissioner came after a flurry of activity involving the IRS' ability to assess the penalty ...

Illinois is scrutinizing the "senior freeze" tax program after finding abuses and initiating reforms for better oversight.

Louisiana Gov. Jeff Landry's complex tax reform package, intended to deliver large income and corporate tax cuts, has faced ...

H&R Block, Intuit stock dropped amid a report that Elon Musk's Department of Government Efficiency may develop a tax filing ...

The Federal Reserve’s second consecutive key rate cut could mean more than just lower borrowing costs for the average ...

Certain New Jersey residents received an additional ANCHOR property tax benefit by mistake in the latest round of funding, state officials said.

The leaders of President-elect Donald Trump’s “Department of Government Efficiency” have discussed trying to create a mobile ...