ITAT Delhi held that lawful TDS credit cannot be denied merely because the Assessing Officer overlooked an earlier rectification order under Section 154. The Tribunal directed grant of TDS credit and ...

The Income-Tax department has notified all ITR forms for AY2026-27 and made excel utility for ITR-1 and ITR-4 for available ...

The US government is appealing a court decision on COVID tax refunds, but experts say keep filing your claims by July 10.

Form 26AS is a tax passbook containing details of taxes deducted and deposited during the financial year. This tax passbook will be eventually replaced by the Annual Information Statement (AIS). The ...

A court ruling could allow refunds of IRS penalties and interest from 2020–2023, but most taxpayers must file Form 843 by ...

Because the IRS typically requires taxpayers to make a claim for a refund within three years of filing their return, ...

If you haven’t received your tax forms from your employer by Jan. 31, reach out to your HR department. Keep in mind that ...

The Calcutta High Court held that filing an audit report in Form 10BB instead of Form 10B was a procedural lapse that could not defeat substantive exemption rights under Section 12A. The Court ...

A court ruling found that the I.R.S. shouldn’t have charged penalties and interest during the pandemic. But the government ...

Hostel expenditure allowance (from ₹300 to ₹9,000 per month per child), creates significant scope for tax-free income, potentially up to ₹2,88,000 annually for employees with two children. Inclusion ...

U.S. Income Tax Return for an S Corporation is used to report the income, losses, and dividends of S corporation shareholders ...

Yes, you can change your tax regime while filing your Income Tax Return (ITR). Since the introduction of the new tax regime in Budget 2020, individual taxpayers and Hindu Undivided Families (HUFs) ...