Shah Vs. Deputy Commissioner of Income Tax (DCIT), ruled on the disallowance of a deduction under Section 80-IA due to the delayed filing of Form 10CCB. The case stemmed from the Centralized ...

Form 16 provides details of the deducted tax amount and submission date and helps in ITR filing by ensuring accurate income ...

Wopke Hoekstra implored US officials to ‘truly look into the facts’; in other news, the EU Council has reached a political ...

If you want to choose the old tax regime, you must do so before the ITR filing deadline under Section 139(1) of the Income Tax Act. According to the Income Tax Department, taxpayers who do not require ...

The IRS warns that an estimated $1 billion in tax refunds from the 2021 tax year may become the property of the U.S. Treasury ...

Form 16 is a certificate provided by an employer to employees, which includes the details of the employee’s salary and the ...

If you’re a parent of young children in MA, you can likely take advantage of what officials call the most generous child tax credit in the country.

Bombay High Court has quashed a notice of reassessment issued to Hindustan Lever Ltd. under Section 148 of the Income-tax Act, 1961, for the assessment year 1997-98. The court determined that the ...

April 15 is the drop dead date for filing a 2021 federal income tax return, if you haven't done so. The IRS says many are ...

One expert last month predicted the short-term impact of tariffs would be “devastating” for both Canada and the US, ...

Here’s What You Need to Know If you haven’t filed your 2021 federal income tax return, you could be leaving hundreds or even ...