The IRS and the Treasury Department issued guidance giving penalty relief to employers and other payors for tax year 2025 on ...

The Internal Revenue Service is giving auto lenders some breathing room on new reporting rules tied to the "One Big Beautiful ...

While filing season has closed for most taxpayers, entrepreneurs, freelancers, landlords and many others still have a few ...

The good news is that a new tax benefit aimed at helping families with children under 17 is now in effect. For the tax years ...

The announcement signals the likely end of Direct File — a project that Trump administration officials and Republican lawmakers targeted this year.

Gujarat High Court held that non-filing of Income Tax Return as ignorant about deduction of TDS on account of land acquisition reasonable. Accordingly, delay condoned and petitioner allowed the file ...

November brings a fresh round of tax compliance deadlines for individuals, businesses, and government offices. From TDS ...

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 ...

Tribunal held that where Form 67 is submitted before the completion of assessment, foreign tax credit must be allowed even if the filing was delayed. It observed that neither the Act nor Rule 128(9) ...

LLCs changing from partnership tax treatment to corporation or vice-versa may encounter issues including gain recognition.

Discover 10 types of income the IRS won't tax in 2025, from certain investments to unique benefits, and learn how to legally ...

ITAT Mumbai ruled that relief under the first proviso to Section 201(1) is available if Form 26A certifying the deductee’s tax payment is furnished. As the buyer obtained the certificate post-appeal, ...