The Ahmedabad ITAT set aside a ₹1 lakh penalty under Section 271BA, ruling that failure to electronically file the Form 3CEB transfer pricing report was a mere technical and procedural default.

The IRS refund process is undergoing significant changes under the leadership of President Donald Trump. In March 2025, Executive Order 14247, titled “Modernizing Payments to and from U.S. Bank ...

The Tribunal held that the DTAA overrides the Income Tax Act, and income taxed abroad cannot be taxed again in India. The ITAT rejected the view that authorities lack power to condone delay, allowing ...

The Madras High Court ruled that a GST summary demand order in Form DRC-07 is invalid if the mandatory show-cause notice in Form DRC-01 was not issued first, even if a preliminary notice (DRC-01A) was ...

The Trump administration is reportedly planning changes like replacing the division’s leader with a closer Trump ally and ...

Taxpayers may continue using the existing forms and procedures for filing their taxes in the meantime, the IRS said. The move ...

Millions of Americans who were granted tax filing extensions have until 11:59 p.m. on Wednesday to file their returns.

The IRS has unveiled its annual inflation adjustments for the 2026 tax year, rolling out a long list of changes to deductions ...

You make quarterly estimated tax payments to the IRS if you are self-employed or don’t have taxes withheld from your income ...