The Bombay High Court quashed the reopening notice issued to Teleperformance Global Services Pvt. Ltd. under Section 148 of the Income Tax Act, 1961, for the assessment year 2019-20. The dispute arose ...

It reiterated that corporate non-existence precludes assessment proceedings against a dissolved entity. As a result, the reassessment notices were quashed with consequential reliefs for Adani Wilmar.

Discover when to expect your IRS tax refund in 2024 and learn about new tools to track it. Get information on electronic filing, Direct File, and potential impacts.

In its mission to rid the government of inefficiency, the Department of Government Efficiency (DOGE) has turned to taxes. In ...

The Income Tax Act, 1961, does not prevent taxpayers from claiming a refund just because the return was filed after the ...

In a reply to this, the Income Tax Department clarified that there are no changes in refund provisions. The I-T department ...

The Colorado Department of Revenue anticipates it will begin processing individual tax filings this week after a delayed rollout of e-filing for the 2025 tax season.

That’s because of a 2015 law known as the Protecting Americans from Tax Hikes (PATH) Act. The law stipulates that if the taxpayer who files the return claims the Earned Income Tax Credit (EITC ...

Mailed Returns: If you opt to mail a paper return, it usually takes between 4 to 8 weeks for processing. Tax Credits: Claiming the Earned Income Tax Credit (EITC) or Additional Child Tax Credit ...

MPs are set to consider a significant rise in key income tax thresholds, proposing an increase to £20,000 after public support for a petition skyrocketed. The campaign on the Parliamentary ...

1. The income tax bill has maintained the current income tax return filing deadlines unchanged. It is expected that the new income tax bill will affirm the existing income tax return filing deadlines.