India will begin exchanging cryptocurrency transaction data internationally from April 1, 2027. This aligns with the OECD's Crypto-Asset Re...

IRS January 31 deadline passed: The Internal Revenue Service (IRS) began processing over 270 million information returns this week, but dat...

Budget 2026 introduces penalties for crypto exchanges failing to accurately report transactions. A Rs. 200 per day penalty will be levied f...

The Union Budget 2026 kept crypto taxation unchanged, retaining the 1% TDS and loss set-off restrictions, disappointing the industry, which...

In a groundbreaking decision, the Income Tax Appellate Tribunal has opened doors for taxpayers, clarifying that penalties for unreported of...

The Income Tax department has imposed two separate fines totaling Rs 23.07 crore on ACC Ltd for inaccurate income particulars in Assessment...

Credit One Bank faces a major class action lawsuit alleging misleading practices, inflated fees, and inaccurate reporting, impacting numero...

British telecommunications regulator Ofcom said Wednesday it had handed video sharing platform TikTok a 1.9 million pound ($2.4 million) fi...

Budget 2024: It is proposed to amend the provisos to sections 42 and 43 of the Black Money Act to provide that the provisions of the said s...

The Canadian government has imposed $2.1 million in penalties on employers violating the Temporary Foreign Worker Program rules. Efforts to...

The income tax department urged taxpayers to link PAN with Aadhaar by May 31 to avoid higher tax deductions, as unlinked PANs incur double ...

The move comes amid banks reporting over Rs 21,000 crore being deposited in zero-balance Jan Dhan accounts in two weeks after the ban.

This tax bump up is expected to show up in the December quarter along with the advance tax payments for that quarter but people have floode...

The ITAT dismissed the penalty on the ground that the taxpayer had no mala fide intent to evade tax or claim refunds dubiously.

Jaitley proposed a change in rule aimed at reducing litigation and increasing transparency. But this could end up having the opposite effec...

The UPA govt is staring at yet another massive scandal that has resulted in the state exchequer losing thousands of crores.

Increasing penalty on employers failing to notify vacancies in exchanges and making it mandatory for government project blue prints to refl...