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Now Tax Refunds Will Be Faster and ITR Corrections Easier: Here’s What the New CBDT Rules Say

The Central Board of Direct Taxes (CBDT) has issued a major notification that will significantly simplify and speed up the ...

Now fix ITR errors faster — here's how CBDT's latest move speeds up your tax refund

Taxpayers struggling with refund delays or errors in their income tax returns may soon find the process far less cumbersome.
International Tax Review

This week in tax: US public CbCR opposition caused $475bn tax loss, report claims

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 ...
International Tax Review

ITR Award Winner Series: Péter Király, DLA Piper Hungary

Clients are facing increased TP audit scrutiny in Hungary. DLA Piper Hungary is therefore using AI and advanced analytics to ...
Tax Guru

Can the CIT(A) Consider an Altogether New Source of Income?

Section 251 grants CIT(A) co-terminus powers with the AO to confirm, reduce, or enhance assessment. However, Supreme Court rulings restrict the CIT(A)'s power to enhance by introducing a new source of ...
Tax Guru

PPT Provisions Inapplicable Without MLI Notification in India-Ireland Tax Treaty

PPT provisions inapplicable in absence of separate notification incorporating MLI provisions into India-Ireland tax treaty Background The Mumbai ITAT in Sky ...