Taxpayers must make sure that a validated bank account is there for receipt of funds, failing which the refund will get ...

A U.S. District Court in California has allowed the IRS to serve a John Doe summons on JustAnswer LLC to determine if the ...

Failing to file your original or revised ITR by the deadline can result in penalties. If you miss the December 31 deadline, ...

The Comptroller & Auditor General of India (C&AG) carried out a Subject Specific Compliance Audit (SSCA) on ‘Outstanding Demand on Income Tax Assessees’. Audit findings were discussed with the Central ...

ITAT Delhi held that benefit of section 115AAB of the Income Tax Act availed in the preceding year cannot be denied in subsequent year on the reason of non-filing of prescribed Form 10IC. Accordingly, ...

EDITORIAL For many expats – and retirees in particular – the festivities this year are marred by ongoing concerns about ...

The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on ...

The Greene County Legislature voted last week to expand the county real property tax exemption for people with disabilities ...

One must note that prior to issuing a refund, the Income Tax Department must ensure that certain criteria are met. One of the ...

Beginning this tax year, gig working platforms have to report information about more workers to the IRS as the agency cracks ...

Teams of the Enforcement Directorate (ED) on Friday conducted raids in Bhopal, Gwalior and Jabalpur cities and searched the ...

The new Congress will have a full plate including deciding the fate of the Tax Cuts and Jobs Act and Internal Revenue Service ...