The ITAT ruled against mechanically confirming a large addition under Section 69C, stating that tax authorities must genuinely distinguish between procedural discrepancies and fraudulent inflation.

One such form that caters to these unique entities is the ITR-5 form. Specifically designed for businesses, firms, LLPs ...

The TAS Act is bipartisan proposed legislation that undertakes the ambitious goals of modernizing the IRS and improving ...

Bangalore ITAT set aside PCIT's s.263 order, ruling that difference of opinion on profit estimation rate (6% vs 8%) for a contractor isn't grounds for ...

This comes after taxpayers faced issues and technical glitches in filing their ITR at the income tax portal. The IT departments official social media platforms were flooded with complaints over ...

T portal, a number of CAs and taxpayers were demanding the extension of due date which was supposed to end on Monday.

The Income Tax Department has extended the due date for filing Income Tax Returns (ITRs) for the Assessment Year 2025-26 by one day, making the new deadline September 16, 2025. This extension follows ...

The Income Tax Return filing deadline for Assessment Year (AY) 2025–26 ends today, September 15, with close to 1 crore filings expected on the fi ...

A number of Income Tax Return Filing-related bodies have been requesting the Income Tax (I-T) Department to extend the September 15, 2025, ITR filing deadline, and now two more bodies have joined the ...

House Republicans voted on Wednesday to establish a new subcommittee to reinvestigate the Jan. 6, 2021, attack on the U.S. Capitol, moving to reopen one of the most polarizing chapters in American ...

“The applicable ITR forms to file for salaried persons are ITR-1 and ITR-2. ITR-1 to be filed if income is up to ₹50 lakh with limited sources like salary and one house property. ITR-2 to be filed if ...

Filing your income tax return (ITR) is a crucial financial responsibility that ensures compliance with tax laws and opens the door to various financial benefits, including refunds and smoother loan ...