T Act, which pertains to the New Tax Regime, is applicable by default unless the taxpayer chooses to opt out under specific ...

Many taxpayers want the permanent extension of ITR filing deadlines to get more time to meet the compliance laws. The question arises: Will the new Income Tax Bill 2025 change the deadlines for filing ...

A Report of Foreign Bank and Financial Accounts must be filed by U.S citizens with financial interests in or authority over ...

Mariposa California's original daily updated online newspaper is the premier site for news and information on Yosemite, Mariposa, California and United States ...

The income tax department started a compliance-cum-awareness campaign in Nov 2024 to assist taxpayers in accurately reporting ...

Mumbai: The Department of Revenue, Ministry of Finance has intensified crackdown on black money and undeclared assets of ...

Free File is a program that allows the majority of taxpayers to file their federal income tax returns for free through ...

Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...

The taxpayer must list their taxable income as part of all forms of taxable interest ... income it must report on its federal income tax return. Article Sources Investopedia requires writers ...

The AO’s primary reasons for disbelieving the cash sales included the large volume of sales within a short timeframe (after the demonetization announcement and before midnight), the lack of customer ...

ITAT Chennai held that when the cash is sourced out of recorded sales, the provisions of section 69A of the Income Tax Act could not be invoked since sales have already been offered to tax and taxing ...