A belated return refers to the income tax return that is filed after the deadline, that is July 31 of a given assessment year ...

In addition to extending the Tax Cuts and Jobs Act, one of his signature achievements in his first term, President-elect ...

Rep. LaHood's new bill aims to replace U.S. citizenship-based taxation with residence-based taxation, easing burdens for ...

A belated return is filed under Section 139(4) of the Income Tax Act if the original deadline is missed. Taxpayers filing ...

Now that the election frenzy is over, policymakers must decide the fate of the 2017 Tax Cuts and Jobs Act’s expiring ...

Income tax policy could change after Trump becomes president, but that won't affect returns that Americans will file for 2024. Here are a few reminders.

ITAT Mumbai held that validity of notice issued under section 148 of the Income Tax Act for AY 2015-16 is six year which expires on 31.03.2022. Accordingly, notice issued on 29.07.2022 u/s. 148 is ...

Through an amendment in Budget 2021, the government sought to discourage subscribers from investing more than Rs 2.5 lakh per ...

Republic Act (RA) 12066, otherwise known as the CREATE MORE Act, took effect after its publication. This lawis issued to ...

The end of domicile within the UK tax system requires footballers and their advisers to rethink tried and tested tax planning ...

Employees are supposed to submit proof of their investment before the end of the calendar year in order to claim exemption in ...

Income tax payers are often advised to take the help of tax experts before opting for one of the two options available. It is ...