Last chance to file updated Income Tax Returns for AY 2022-23 with additional tax penalties, consequences for non-compliance.

The IRS has issued more than 29.6 million individual income tax refunds through Feb. 21, up 2.3% from a year ago.

On perusal of the Intimation order u/s 143 (1) of the Act dated 01.12.2023, it is observed that the claim of tax relief of Rs.34,09,987/- Under Section 90/90A of the IT Act was disallowed.

CBDT has introduced amendments to the Income-tax Rules, 1962, through Notification No. 23/2025, effective April 1, 2025. Key changes include modifications to Form 3CD, used for tax audits, with the ...

The current deadline to file an updated ITR for FY 2021-22 (AY 2022-23) is March 31, 2025. In her eighth budget speech on ...

Workers with or without qualifying children who have low to moderate incomes may be eligible to claim the EITC.

These appeals by the assessee are directed against two separate orders both dated 01.07.2024 and 26.07.2024 passed by the Ld. Commissioner of Income-tax (Exemptions), Mumbai [in short ‘the Ld. CIT (E) ...

The Educational Choice for Children Act of 2025 would provide donors to nonprofit groups that distribute private K-12 school ...

The Madras High Court ruled that the petitioner should be given a fair opportunity to respond to the intimation notice before any further action is taken. The court directed that Tech Connect Retail ...

Tax season can feel like a maze ... year nears its end for individuals and non-audit cases, understanding which form applies to you is crucial. Two of the most commonly used ones — ITR-1 ...

The results for the Kerala Lottery's Akshaya AK-694 draw are announced today, March 23, 2025, at around 3 PM. However, the ...