The Tribunal noted that the assessment proceedings were conducted during the COVID-19 pandemic and the assessee could not respond to certain notices. The case was restored for reconsideration after ...

The Tribunal held that failure to electronically file Form 10 as required under Section 11(2) can lead to denial of income accumulation benefits. The case was remanded to allow the assessee to seek ...

What Are Report of Foreign Financial Assets (Form 8938)? Form 8938, also known as the "Statement of Specified Foreign Financial Assets," is a mandatory disclosure form required by the Internal Revenue ...

Taxpayers who receive these notices are being asked to take several steps within 30 days of receipt or face waiting months for paper refund checks.

You can deduct state and local property taxes from federal income taxes up to a limit. Understand what taxes are eligible and ...

Investors of 2018 GOI Savings Bonds face tax issues as RBI deducted TDS on full interest at maturity. Expert suggests using ...

NEW YORK — Tax season is underway and you have until April 15 to file your return with the IRS. If you want to avoid the stress of the looming deadline, start getting organized as soon as possible.

A San Fernando Valley couple says an Uber driver stole the husband's identity to sign up for the ride-sharing platform, raising questions about public safety and how thoroughly drivers are vetted.

The road transport department (JPJ) has seized a Bentley Continental from a businesswoman who claimed she had forgotten to renew the car’s road tax and insurance since 2018. Kuala Lumpur JPJ director ...

Draft Income-tax Rules, 2026 propose major renumbering of tax forms from April '26 New rules simplify return filing and standardize compliance for taxpayers Tax pros must update systems before April ...

New Income Tax Rules 2026: The Income Tax Department on Saturday released the draft Income-tax Rules, 2026. These new rules will become effective from April 1, 2026, that is the start of the financial ...

Did our AI summary help? The government has urged stakeholders to study the Income-tax Act, 2025, and make suggestions, which will be compiled and considered for review before final notification. The ...