If the government fails to issue your refund within the stipulated time, it must pay you interest as compensation.

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 ...

ITAT found authorities erred by upholding CPC's denial of exemption solely because assessee filed ITR-7 instead of ITR-5. Ruling emphasizes that denying a just claim over procedural non-compliance ...

If you missed the deadline to file your Income Tax Return (ITR) or made mistakes in your earlier submission, there’s good ...

We often think that Form-16 is only used for filing tax returns. Most employed people receive it every year from their ...

Direct File has ended. Americans who used the free tax-filing program will have to find a new option. Here are some ...

The US itself was the biggest loser of tax revenue to American multinationals’ profit shifting, the Tax Justice Network reported; in other news, firms made key tax hires ...

On the other hand, a one-time lump sum alimony is generally treated as a capital receipt and therefore not taxable in the ...

The program developed during Joe Biden’s presidency was credited by users with making tax filing easy, fast and economical.

The IRS Direct File will not be available for the upcoming tax filing season. However, other programs like the Free File and ...

The IRS cited low usage and high costs as reasons for shuttering the program, which began during the previous administration.

Its revenue from operations increases 21.47 per cent to Rs 9,174 crore, compared with Rs 7,552 crore in the year-ago period.