The dispute concerned denial of TDS credit citing inconsistencies in reported transaction values. The ruling clarified that ...

Last year, FM Sitharaman announced major changes in the new income tax regime, and while tax experts believe that there is ...

Taxpayers should consider ITR-U if they omitted income, wrongly claimed deductions or exemptions, or made reporting errors ...

The Assessing Officer treated all cash deposits as unexplained income under Section 115BBE. The Tribunal held that deposits prima facie represented IOC sales and required factual verification before ...

Union Finance Minister Nirmala Sitharaman presented the Economic Survey 2026 in Lok Sabha on Thursday, January 29, ahead of ...

As more Indians participate in a widening range of investments, from financial instruments to property, the question of how ...

Exemption on insurance interest awards, nil deduction certificates for small taxpayers, and extension of the ITR filing ...

Form 1099-C reports canceled debt to the IRS when a creditor has forgiven or erased a balance owed so a taxpayer no longer has to pay it. What Is Form 1099-C: Cancellation of Debt? Lenders must submit ...