A revised or belated return must be filed by December 31 of the relevant assessment year, or before the tax authorities complete the assessment, whichever comes first. Missing this deadline closes the ...

Tax experts say correcting mistakes proactively can help taxpayers avoid scrutiny notices, interest costs and prolonged ...

Taxpayers who discover mistakes or omissions in their original Income Tax Return have specific procedures and deadlines to ...

Taxpayers filing revised or belated ITRs by December 31, 2025, have until December 31, 2026, for the Income Tax Department to ...

Social Security is often framed as a handout from Washington, but the program rests on a simple, concrete reality: workers ...

The U.S. government has announced record-high tax refunds, with the Earned Income Tax Credit (EITC) offering up to $8,046 for eligible taxpayers in 2025. Learn how to qualify and claim this ...

ITAT directed the Assessing Officer to recalculate the disallowance by limiting it only to investments that generated exempt ...

People risk a fine running into hundreds of pounds for not meeting a certain tax deadline - here are more details ...

The issue was whether foreign bank balances funded through LRS could be taxed as unexplained credits. ITAT held that once the source and opening balance are established, section 68 cannot be invoked ...

Purpose Investments Inc. is pleased to announce the 2025 fourth quarter distributions for Purpose Specialty Lending Trust.

In most cases, business credit card rewards aren’t taxable. The IRS generally treats rewards earned through spending as ...