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, ...

As per Section 397(3)(f) of the Income Tax Act, 2025, deductors and collectors are allowed a period of two years from the end ...

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 ...

ITC for FY 2024–25 shown in GSTR-2B and auto-filled in Table 8A, which wasn’t claimed by the buyer in the same year but is ...

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

Keep an eye out for mail from the State of Colorado. The Colorado Department of Revenue announced that the state is sending ...

The IRS recently announced some changes to the tax rules for 2026, and those changes could affect how much you end up paying.

Taxpayers may continue using the existing forms and procedures for filing their taxes in the meantime, the IRS said. The move ...

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 ...