Bombay High Court recently set aside an income tax assessment order and remanded the case back to the assessing officer after the Income Tax Department admitted to a “bonafide error” in not granting a ...

The Delhi High Court, in its analysis, found the revenue’s approach to be flawed. The court specifically noted that a perusal of the reasons recorded for reassessment “would establish beyond a measure ...

A Honolulu woman pleaded guilty Thursday for her to file false tax returns and use Hawaii businesses, banks and trusts to launder the refunds. The scam cost the Internal Revenue Service more than $1.6 ...

Shalinitai Meghe Hospital & Research Centre (SMHRC), a 1020-bedded multi-super speciality institution, has achieved a ...

The Kerala government has ordered the suspension of four employees of the state’s General Education Department for issuing a circular to prepare a report on Chr ...

The Crime Branch of city police on Saturday arrested a 27-year-old youth, who claimed to be an Income Tax officer, for ...

Readers respond to a guest essay by four Trump administration officials. Also: President Trump’s contentious meeting with the ...

American citizens abroad must generally file tax returns if their income level and other ... David, an assistant professor in the department of theology and religious studies at King’s College ...

The abolition of the presumptive tax regime for household businesses is being actively implemented, with a clear roadmap and ...

Ans: In recent years, the Income Tax Department has made significant strides towards digitization and automation, particularly through the rollout of AIS and the enhancement of the compliance portal.

Australians are still claiming outlandish expenses as tax deductions, prompting the ATO to remind taxpayers of eligibility requirements.

The finance ministry had introduced the faceless scheme to increase transparency, reduce human interface and prevent corruption. The scheme is called "faceless" as the assessee does not get to see ...