The court held that late filing of Form 10B is a procedural lapse and does not automatically bar charitable exemption. Substantial compliance before appellate proceedings was found ...

A memo from Treasury’s deputy inspector general for audit warns the tax agency that massive staff cuts and the government shutdown have put the IRS behind the eight ball.

The court ruled that delayed filing of Form 10 for income accumulation cannot defeat exemption when substantive conditions are met. Rejection of condonation was held ...

The Tribunal held that where income is offered to tax on receipt basis, TDS credit must be granted in the same year despite timing differences arising from accrual-based deduction by ...

The Court held that misclassification of ITC between CGST/SGST and IGST does not result in excess claim if the credit is otherwise admissible. Once the error is rectified through annual returns, no ...

The Tribunal held that receipts already offered under the presumptive scheme cannot be taxed again as unexplained money. Once income is declared under section 44AD and supported by surrounding facts, ...

These include global or regional changes or imbalances in the supply and demand for oil, natural gas, petrochemicals, and feedstocks and other market factors, economic conditions and seasonal ...

The Internal Revenue Service’s January 31 deadline has officially passed for submitting key income and wage reporting forms.

IRS deadline for key tax forms has passed, and businesses may face penalties for late, incorrect, or missing filings.

Reporting your digital asset income has changed this year. Learn how the new IRS rules will affect your tax filing and why ...

WASHINGTON -- President Donald Trump is suing the IRS and Treasury Department for $10 billion, as he accuses the federal ...

President Trump is suing the Internal Revenue Service and Treasury Department for at least $10 billion, claiming the agencies unlawfully allowed an IRS contractor to leak his tax returns and those of ...