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Refund not received even after 3 months of filing ITR, Find out how much interest the government will pay now?

If the refund hasn't arrived even after filing your ITR, the government will pay interest. Interest is calculated according ...
Tax Guru

Valuation Dispute: ITAT Quashes Penalty U/S 271(1)(c) as Addition Was Solely Based on Estimate

ITAT condoned a significant seven-year delay in filing an appeal, recognizing assessee's status as an NRI and his lack of awareness of assessment order as a bona fide cause. This ruling affirms the ...
Tax Guru

Issue of taxability of ex-gratia payment to be decided based on identical judgement: Matter remanded

ITAT Pune held that issue of taxability of ex-gratia payment to be decided based on identical judgement as decided by ...
Messenger-Inquirer

IRS Direct File won't be available next year. Here's what that means for taxpayers

The Trump administration has decided not to offer the IRS' electronic tax filing system for free next year, and its future is unclear. An IRS official informed state comptrollers in ...