The IT department urges taxpayers to verify information on discrepancies and check emails regularly for any notifications if ...

For AY 2025-26, businesses exceeding turnover limits and certain professionals must file tax audit reports by September 30, 2025, potentially facing penalties for delays. The Bombay Chartered ...

As of September 22, the Income Tax Department processed 50.1 million returns, leaving more than 10 million pending for ...

If you're planning large cash withdrawals, be mindful of the TDS rules under Section 194N - your bank could deduct tax once your total withdrawals cross key limits ...

B Balakrishna, IRS Commissioner of Income tax (Exemptions). Hyderabad receives Debjyoti Das, Pr.CCIT (Exemptions) Incometax ...

In immovable property sale cases, NRIs may face both TDS and TCS depending on how the sale proceeds are handled.

The Tribunal held that an assessee cannot be penalized for delay caused by professional negligence of counsel, following Supreme Court precedent in Rafiq v. Munshilal, and remanded the case for ...

On the instructions of Chairman FBR Mr. Rashid Mahmood Langrial and Member Taxpayers’ Services Wing (TPS) Ms. Tehmina Aamer, the Federal Board of Revenue (FBR), through its TPS Wing conducted a Tax ...

Taxpayers oftentimes incur excess creditable withholding taxes (CWT) at the end of their taxable year. In such situation, there are two ways to recover the excess taxes paid. One way is to carry over ...

Reassessment order passed under Section 147/143(3) was quashed on the ground that no notice under Section 143(2) was issued after the assessee filed the return in response to notice under Section 148, ...

David Hamzah Damian of DDTC Consulting examines recent procedural changes in Indonesia’s tax disputes process and the Supreme ...

The Karnataka State Chartered Accountants Association (KSCAA) has sent a representation on September 24, 2025, to the Prime Minister Office (PMO) highlighting the challenges being faced by taxpayers ...