If ITR is not processed by December 31, 2025 then you can’t file revised ITR; Here’s what you can do if you have a tax refund ...

Explains when Form 10F becomes mandatory for claiming DTAA benefits and what information must be furnished under Indian tax law. The key takeaway is that Form 10F complements the TRC and is critical ...

Every December, workers blame the IRS for shrinking bonuses. But bonuses aren’t taxed differently than your regular ...

The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season.

Gauhati High Court held that cancellation for non-filing of returns is not final if the taxpayer files all pending returns and clears dues, directing authorities to consider restoration under Rule ...

The Gauhati High Court held that cancellation for non-filing of returns can be reconsidered if all pending returns and dues are paid, directing authorities to consider restoration under Rule ...

A New York City law, the Real Property Income & Expense (RPIE), has resulted in massive fines and penalties for property ...

There are no secret loopholes for day traders, only informed choices. Trader Tax Status lets you run trading as a business. Section 475 (f) Mark to Market turns that business into one that can ...

The High Court held that even in ex parte proceedings, the appellate authority must consider appeal grounds. The matter was remanded for fresh decision on ...

Benefits recipients could save $6,000 in federal taxes on their monthly payments. Here’s who is eligible to claim the ...

The ITAT held that late filing of Form 67 cannot defeat a valid FTC claim. The ruling clarifies that procedural delays do not override substantive treaty ...

Both 12AB and 80G applications were rejected without adequate reasoning or opportunity. The Tribunal emphasized mandatory compliance with due process. The cases were sent back for de novo ...