Experts say there exists many flaws, glitches, etc with the e-filing ITR portal. Although these issues might seem small but collectively these add up to a bigger grievance. For example: When a notice ...
Tax season is now in full swing and the government agency has several helpful reminders for people looking to file.
ITAT Ahmedabad held that additions under section 68 of the Income Tax Act is not sustainable since assessee established identity, genuineness and creditworthiness of the lenders. Accordingly, addition ...
As Budget 2025 draws near, taxpayers are hopeful for potential income tax rate cuts. The 30% tax bracket significantly ...
The Internal Revenue Service opened the 2025 tax filing season Monday and is accepting and processing federal individual tax ...
On receiving any income tax notice, the taxpayer, without panicking, can take steps to understand the tax notice and comply with the request of the tax officer. This article looks at income tax notice ...
Finally, it was concluded by the ITAT that it is not visible whether the appellant was served a notice proposing enhancement by AO ... is against the order of the Ld. Commissioner of Income Tax ...
That will remain the same for tax year 2025 (filing in 2026), but the IRS adjusts the income range for each bracket annually to account for inflation's impact on salaries. Depending on how much ...
Next, if you're filing taxes electronically, you'll need your adjusted gross income from last year to verify your identity.
GST notice to Pani puri vendor goes viral on social ... In India, a street vendor, as a rule, is exempted from GST or income tax unless the street vendor's turnover exceeds a threshold amount.
Bonds took a back seat to stocks in 2024, but income investors still found ways to get paid. The same should be true in 2025.