The court ruled that the reassessment notice was invalid, emphasizing that once an authority determines that reassessment is unnecessary, it cannot reverse its decision arbitrarily without a valid ...

The Delhi High Court has interpreted the Supreme Court's decision in Union of India v. Rajeev Bansal to elucidate the time ...

The Indian government is closely monitoring high-value financial transactions using data analytics and inputs from various ...

Despite this, the CIT(A)’s office issued a notice via email, which the assessee claimed not to have received. The assessee further indicated an intention to submit additional evidence under Rule 46A ...

Since the Appellant had filed delayed income tax for 2011-2012 and his compounding ... is the offence committed prior to the showcause notice, which was the case here for both years.

Internet industry body IndiaTech, which represents a clutch of startups and VC investors, also said that the longer holding period for unlisted securities to be considered long-term assets means angel ...

Finance Minister Nirmala Sitharaman during her Budget 2025 speech on February 1, 2025 announced the New Income Tax Bill that ...

The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

Whenever you send money to your wife every month under UPI or cash for household expenditure, you should be aware of certain income tax rules which may lead to sending you a notice for tax.

TCU defensive lineman Ansel Din-Mbuh says he already feels at home being a Frog after transferring from Washington State. For defensive lineman Ansel Din-Mbuh, he is already home at TCU.

which may differ from federal income tax regulations. The Fund will issue a separate 19(a) notice at the time of each monthly distribution using the most current financial information available.

Many might be asking that question because their tax return has yet to be processed. On Friday, the Internal Revenue Service reported that the agency has processed 15.8% fewer individual income ...