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 ...

Income Tax Department has been sending emails and SMSes warning that return processing and refunds are on hold due to flagged ...

The assessee explained that income and TDS were recognized in different financial years. ITAT restored the matter for limited verification and barred automatic ...

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 ...

Learn how income smoothing can stabilize earnings, comply with GAAP, and attract investors. Understand its legality and strategic benefits for businesses.

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 ...

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

BOISE, Idaho, Dec. 17, 2025 (GLOBE NEWSWIRE) -- Micron Technology, Inc. (Nasdaq: MU) today announced results for its first quarter of fiscal 2026, which ended November 27, 2025.

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.

Dividends are paid from taxable earnings and may include a return of capital and/or capital gains. The specific tax characteristics of the dividends will be reported to stockholders on Form 1099-DIV ...