Nearly 79 million Americans already filed federal tax returns this year. Yet millions may still qualify for hidden IRS COVID refund claims ...

The Supreme Court is set to decide if tax authorities can issue a single show-cause notice for multiple financial years. This procedural is...

The introduction of Form 157 and Form 159 under the Income-Tax Rules, 2026 has sparked confusion over whether tax clearance is now mandator...

The Income Tax Act, 2025 modernises the law while preserving continuity, ensuring that taxpayers are not forced into uncertainty during tra...

India leads the world in Global Capability Centres, but these innovation hubs face over 500 legal rules and 2,000 annual filings. This comp...

India is now a global focus, praised for its rapid progress driven by reforms. Prime Minister Modi highlighted continuous reforms in 2025, ...

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

The Income Tax Appellate Tribunal rejected Congress's appeal. The appeal challenged a tax demand. The tax demand was ₹199.15 crore for 2018...

New income tax bill, 2025: FM Nirmala Sitharaman, while presenting the Union Budget 2025 on February 1, announced that she will table the n...

A Deloitte survey reveals that most income tax filers in India want simpler ITR forms, easier incentive calculations, and a streamlined TDS...

Institutional strengthening: The key ideas relate to cooperative federalism and implementation of the Taxpayer's Charter, along with focus ...

It is time to overhaul the tax rates by gravitating towards a three-rate regime, with the 12% rate being merged into the standard rate, or ...

Under the new scheme, employees will have to submit to their companies bills indicating expenditure of an amount 3-times of the LTC. The co...

PM Narendra Modi launched a platform for honouring the honest taxpayers. One of the key features of the platform is the Taxpayers' Charter ...

In 1997, the apex court had said that in case of any ambiguity in a tax exemption provision or notification, it must be interpreted so as t...

With the penal provisions of law and legislation becoming more and more stringent, the management need to exercise care and caution to mini...

India is standing on the threshold of an opportunity to streamline its indirect tax regime in the country.