1. Rejection of Books & NP Estimation : The Assessing Officer (AO) rejected the books of accounts and applied a Net Profit (NP) rate of 24.50%, leading to an addition of ₹5,25,346 to taxable income.

Filing an ITR is crucial not just for compliance, but also to take advantage of available tax rebates and avoid penalties.

Coloradans will be able to file their state tax returns this week, a Colorado Department of Revenue spokesperson told FOX31 ...

Country’s 1.2 crore taxpayer identification number (TIN) holders still fail to comply with the mandatory filing requirement ...

Early results from the IRS indicate that 7.7% fewer tax returns were filed in the first two weeks of the 2025 season. Why are ...

Last year, over 100 million Americans received tax refunds. With tax season underway, here’s when you can expect yours to ...

The Earned Income Tax Credit (EITC) is a federal tax incentive aimed at supporting low-to-moderate-income workers.

The IRS, Volunteer Income Tax Association (VITA), United Way of North Central Florida and American Association of Retired ...

Income Tax filing: In Budget 2025 ... end of the relevant assessment year in the Form ITR-U. For instance, with respect to Financial year 2023-24, a taxpayer can file an updated return on or ...

Did you miss reporting a particular income while filing your income tax return (ITR) a few years ago -- say three years ago? You do not need to fret over this anymore since you can file a fresh ...

Lieutenant Governor Tregenza A. Roach, Esq., reminds property owners that the deadline to apply for or renew their Homestead property tax credits against their 2025 property tax bills is Monday, March ...

April 15 is the filing deadline for 2024 federal income tax returns for most people. Others in states hit by disasters have until May 1 or Oct. 15.