The Tribunal noted that the assessment proceedings were conducted during the COVID-19 pandemic and the assessee could not respond to certain notices. The case was restored for reconsideration after ...

The Tribunal ruled that an assessment order passed after DRP directions is still subject to revision under Section 263. It held that there is no statutory bar preventing the Principal Commissioner ...

New Delhi: The government has come out with draft income tax forms that seek disclosure of tenant-landlord relationship for claiming I-T deductions and increased responsibility of auditors and ...

One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26. The new form reportedly contains 55 segment-wise clauses, ...

A new tax form related to digital assets is set to change how millions of crypto investors file their taxes and failing to understand it could mean paying more than necessary. Beginning with crypto ...

New Delhi: The Modi government has reportedly made it clear that to claim House Rent Allowance (HRA), taxpayers will now have to disclose their relationship, if any, with the landlord. Therefore, ...

The Centre’s Draft Income-tax Rules, 2026 signal a sweeping overhaul of compliance standards for salaried individuals, cross-border taxpayers and companies. If cleared by Parliament alongside the ...

A routine inspection of biryani restaurants in Hyderabad has unexpectedly exposed what officials now describe as one of the largest suspected tax evasion rackets in the country, with concealed sales ...

If you're one of the millions of creators who sell items through online marketplaces such as eBay, Etsy and Facebook Marketplace — there are more than 8.1 active sellers on Etsy alone, according to to ...

LUBBOCK, Texas (KCBD) - Two Lubbock County commissioners say a recent audit validates their decisions to approve back-to-back no-new-revenue tax rates, while County Judge Curtis Parrish says ...

The Internal Revenue Service (IRS) has set April 15 as the official federal tax filing deadline for most individual taxpayers for the 2025 tax year. This deadline applies to those who use the regular ...

“Audit” is the word that no taxpayer wants to hear from the Internal Revenue Service. Some 24 percent of taxpayers are worried about being audited by the IRS, according to a poll by survey data firm ...