Explore the significant delays in income tax refunds for FY 2024-25, their causes, including AIS mismatches and processing ...

The Delhi High Court has held that internal disputes between the Directors of a company is not 'genuine hardship' under Section 119(2)(b) of the Income Tax Act 1961, preventing timely filing of ...

The Delhi High Court recently condoned the delay by an assessee in filing his Income Tax Return, citing his health condition as 'genuine hardship' under Section 119(2)(b) of the Income Tax ...

Lottery winning amounts are part of income from other sources, and they are liable for the income tax rate. Not just that, ...

In 2026, the rules for property tax deduction underwent important changes — the limits were revised, the document submission ...

ITAT held that late filing of Form 10B cannot automatically deny exemption when the delay is bona fide and curable. The matter was remanded for fresh examination after recognising that Form 10B is a ...

Applying the Supreme Court’s principle, the Tribunal held that an explanation unproved but not disproved cannot attract Section 271(1)(c) penalty. It noted that the department failed to show falsity ...

On November 21, 2025, the Minnesota Department of Revenue (MDOR) updated its website to remind taxpayers that the Minnesota pass-through entity ...

For credit card application approval or rejection, in addition to the credit score, a bank’s eligibility checks typically ...

In a landmark decision on November 19, 2025, the ITAT Hyderabad ruled that severance packages is to be classified as taxable ...

ACTEC highlights key estate planning concerns in new tax law affecting Trump Accounts, deductions and QSBS starting January ...

What will the extra lucky winner do with their $875 million Powerball Jackpot? The odds of winning the jackpot are 1 in 292.2 ...