Anyone can file an updated return except in specific situations. It doesn’t matter if you already submitted an original, ...

Gujarat HC directs CBDT to extend ITR filing due date to Nov 30 for assessees requiring tax audit reports for AY 2025-26.

Many taxpayers believe that income tax returns (ITR) can only be filed by the due date. However, this is not entirely correct. If you earned income from bank interest, capital gains, or dividends and ...

One such form that caters to these unique entities is the ITR-5 form. Specifically designed for businesses, firms, LLPs (Limited Liability Partnerships), and certain other types of organizations, the ...

With the 2025 filing season behind us, the Treasury Inspector General for Tax Administration reports the IRS performed well, ...

Legislation introduced by a group of GOP lawmakers seeks to make it easier for people to claim their money the state is ...

The case gives the court a chance to ameliorate the injustice caused by an absurdly broad policy that deprives Americans of the right to arms even when they have no history of violence.

ITAT Mumbai held that passing of order under section 263 of the Income Tax Act by PCIT without considering submissions filed by the assessee amounts to non-speaking order. Accordingly, matter is ...

Inheritance Funding reports the average estate settlement takes 6-12 months, but debts and disputes can extend the process to years. Best practices can aid efficiency.

Sept. 25 (UPI) --U.S. Rep. Haley Stevens, D-Mich., said she will file articles of impeachment against Health and Human Services Secretary Robert F. Kennedy Jr. for "health care chaos," she announced ...

Mubarak Jama, a Fridley tax preparer, faces 18 felony charges for false tax returns and unpaid taxes, including claims of nearly $76,000 owed. Legal troubles loom for him and his clients.

ITAT Kolkata held that mere non-filing of income tax returns by suppliers or non-response to notices cannot make an assessee’s expenses bogus. Proper verification of invoices, ledgers, payments, and ...