The issue was whether unsecured loan additions under section 68 could survive based solely on investigation reports and third-party statements. ITAT held that without independent enquiry and nexus to ...

ITAT Mumbai ruled that Form 26AS is not conclusive when deduction of tax is otherwise established. Denial of TDS credit would amount to double taxation, which Section 205 expressly ...

There is a need for easing compliance burden, strengthening the dispute resolution framework and providing clarity on various ...

Thousands of tax refunds were suddenly put on hold and the message gave no reasons, no timelines. What is really going on ...

The Income Tax Department is alerting taxpayers about incorrect deduction and exemption claims. Salaried individuals who ...

FedEx completed $276 million in share repurchases via open market transactions during the quarter. Approximately 1.2 million shares were repurchased, with the year-to-date decrease in outstanding ...

Get ahead of the tax season crunch by collecting these tax documents throughout the year. Here's what you need to keep an eye out for.

In most cases, business credit card rewards aren’t taxable. The IRS generally treats rewards earned through spending as ...

As the Trump administration ordered agencies to eradicate “illegal” diversity, equity and inclusion efforts, we identified ...

Social Security beneficiaries may get good or bad news when they receive Form 1099, which shows the amount of benefits earned in 2025 and their tax liabilities when they file taxes in 2026.

If you need help paying your heating bills in Kentucky, time is running out to apply for one form of assistance through Kentucky’s Low Income Home Energy Assistance Program.

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 federal income tax returns.