The taxpayer must accurately declare all previously undisclosed income that was discovered during the search or requisition.

Central Board of Direct Taxes (CBDT) has introduced Form ITR-B for filing returns related to block assessments under Section 158BC(a) of the Income Tax Act, 1961. This form applies to cases involving ...

Central Board of Direct Taxes (CBDT) has introduced Form ITR-B for filing returns related to block assessments under Section 158BC(a) of the Income Tax Act, 1961. This form applies to cases involving ...

But tax experts say if you have all your info, you should file on April 15 to reduce any mix-ups or mistaken late fees.

Newsweek contacted the IRS for comment by email on Wednesday morning. Why It Matters. At the beginning of this year's tax ...

Many investors in qualified opportunity zones face a large upcoming tax hit when their QOZ deferral ends. They should consider harvesting stock market losses in advance of it.

Learn about the ITR-B Form for undisclosed income after search or seizure. Get to know the purpose, applicability, and filing instructions in this guide.

Tax Day is on Tuesday, April 15, but those who opted to file their taxes early are already getting their refunds. Upgraded ...

You must file your 2024 federal income tax return with the IRS by April 15 to avoid late filing or late payment penalties. Here's what you need to know to file and pay your taxes before the clock ...

If you’re self-employed, any year you don’t file a tax return means the income you earned that year won’t be reported to the Social Security Administration. So, “you will not receive credits toward ...