The ITAT Kolkata held that where assessment is completed under Section 143(3), alleged earlier non-compliance with notices stands impliedly condoned. Penalty under Section 271(1)(b) was therefore ...

The Tribunal held that reopening based solely on investigation wing information without independent application of mind is invalid. Mechanical reasons cannot justify reassessment under Section ...

Don’t search the internet using terms such as “file my taxes for free” — you could end up on the website of a scammer or the ...

Early IRS data shows fewer tax returns processed and few refunds issued through Feb. 6, but the average refund amount is up.

In broad terms, he’s not wrong. Most Americans pay income tax on their wages and salaries, most states impose sales tax on ...

The deadline for most people to file federal income tax returns for the 2025 tax year – also known as Tax Day – is Wednesday, April 15 this year.

What’s the typical wait time? Did you claim the Earned Income Tax Credit or the Additional Child Tax Credit? Read on for what ...

Any taxpayer or family who earned $89,000 or less in 2025 may use a free filing option for a tax return using the IRS website. In New York, taxpayers who earned $89,000 or less can file online for ...

From side hustles to student loans, here are seven key tax questions Gen Z should answer before filing to avoid surprises and maximize credits this year.

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

The best retirement strategy considers timing, taxes and risk ...