Industry bodies FICCI and Assocham have urged the finance ministry to allow input tax credit (ITC) for real estate developers ...

For tax year 2024 (filing in 2025), the child tax credit is worth up to $2,000 for each qualifying dependent child who was ...

Errors can lead to delays in tax refunds. Certain mistakes can even turn a refund into an unexpected tax bill.

Due to higher than normal intake volume, the Canada Revenue Agency is experiencing delays in processing Form T2201, Disability Tax Credit Certificate. We will respond in writing once a decision has ...

The invoice management system or IMS was introduced last October by the Goods and Services Tax Network ... reduce fraudulent input tax credit claims, and improve accuracy in tax reporting.

The child tax credit provides big benefits for families with children, but you may have to wait a bit longer for your tax refund. Thomas is a native of upstate New York and a graduate of the ...

We’ll cover the maximum the credit is worth for the 2024 tax year, the criteria for qualifying, plus other tax credits provided through the Internal Revenue Service (IRS) that can assist ...

The government’s proposal to amend the Finance Bill 2025 with respect to input tax credit (ITC) on construction expenses ... But this was expected after the recent Goods and Services Tax Council ...

or services for setting off against Goods and Services Tax (GST) liability plays an important role in the GST arena. Input tax credit (ITC) helps reduce the tax outgo for the GST payer.

Following the ruling, tax authorities reassessed cases, leading to the issuance and withdrawal of multiple tax demands. "However, the government, citing concerns over revenue loss, introduced a ...