Employees who attempt to cheat the system with bogus tax deductions risk facing severe repercussions. The Income-Tax ...

ITAT Hyderabad sent back the disallowance of Rs. 25.93 crore on pension bond adjustments and Rs. 21.92 crore on pension trust payments for verification due to contradictory claims and ITR reporting ...

Retired employee got Rs 13 lakh as leave encashment; tax dept denies tax exemption; ITAT Jaipur applies Rs 25 lakh leave ...

The Income Tax Department has enabled online filing of ITR-5 and ITR-7 forms for Assessment Year (AY) 2025–26. Both forms are now available on the official e-filing portal with pre-filled data to make ...

The Internal Revenue Service has shut down its Direct File free tax-filing program, sending an email to the 25 states that offered it this year. The email was sent to the state departments of revenue ...

The Tribunal examined the validity of assessments initiated under Section 153C where the Assessing Officer recorded a single ...

Effective from 1st July 2017, it is mandatory to quote Aadhaar for the filing of IT Returns and also linking Aadhaar with PAN. However, many taxpayers were unable to link their Aa ...

If you've received an audit from the Central Collections Agency and thought no big deal, think again, because now you may ...

Aishwarya Rai Bachchan has won a significant income tax battle in ITAT Mumbai. The tax department had sought to disallow Rs 4 crore in expenses related to her tax-free investments. The tribunal ruled ...

The Treasury Department said in an October report to Congress that participation in the Direct File program was low and the ...

Audit reports can now be submitted by November 10, up from October 31. The Income Tax Department has announced an extension of the deadline for filing Income Tax Returns (ITRs) for Assessment Year (AY ...

Last night at 2:17 AM, every child from Mrs. Gandy's class went missing.