If you happend to commit a mistake in filing your income tax return (ITR), you can still file an updated return ...

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

Realised there’s an error in your ITR after submission? You’re not alone. Many taxpayers make small mistakes while filing, ...

Taxpayers often make minor mistakes while filing their ITR, such as omitting an income item, incorrectly listing a deduction, ...

ITAT confirmed that a company can validly exercise the concessional tax regime under Section 115BAA through a revised return filed within the due date. Regular business losses and unabsorbed ...

Taxpayers must prepare for significant changes in GSTR-9 annual returns for FY 2024-25. The new Invoice Management System ...

ITAT Hyderabad held that once a moratorium is imposed under IBC, Income Tax Department cannot recover dues from corporate debtor. However, proceedings to determine tax liability may continue under IBC ...

Otherwise, income brackets are "moving up for 2026, with a bigger bump for the lowest brackets because of this year’s new tax ...

A savings account is not just where your salary lands and bills get paid; it’s the clearest trail of your money habits. Banks ...

The Department of Treasury is transitioning to fully electronic payments, a change that means tax refunds issued by the IRS ...

A new analysis from Oxford Economics suggests that millions of Americans could receive larger tax refunds in 2026, mainly due ...