The issue was whether personal capital could be compared with partnership capital to infer unexplained credits. The Tribunal held the comparison flawed and upheld deletion of the Section 68 ...

The government announced it will raise ₹11.7 lakh crore through dated securities in FY27 to fund the fiscal deficit. The borrowing programme forms part of the Union Budget 2026–27’s financing strategy ...

The Tribunal emphasized that where land cost is separately reflected, indexation must be granted. It remanded the matter to ...

The Finance Ministry has extended the deadline for revising income-tax returns to March 31, 2026, with a fee. The original ...

Nirmala Sitharaman has announced new timelines for tax filing. Scroll down to know more.

Direct File was the e-filing program that allowed “eligible taxpayers to file their federal individual income tax return ...

Landlord gets tax notice adding Rs 7 lakh deemed rent to his income for letting his five properties remain vacant; he said he tried his best to find tenants but could not and ultimately sold the ...

If you're ready to file your 2025 income taxes (and receive your potential tax refund) early, here is the information and documentation you need. Peter is a writer and editor for the CNET How-To team.

A threat actor known as Zestix has been offering to sell corporate data stolen from dozens of companies likely after breaching their ShareFile, Nextcloud, and OwnCloud instances. According to ...

Sec. 6752(1)(b) was satisfied by an IRS supervisor’s timely signed approval of penalties against the taxpayer, without any “meaningful review” or “reasoned decision-making,” the Tax Court held.

If you're expecting a tax refund this year from your 2025 income taxes, why not get that money from the IRS as soon as you can? Peter Butler Managing Editor Peter is a writer and editor for the CNET ...

NSSO has released the latest NSSO data on household consumer expenditure which indicates that India's poverty level has ...