More so, you'll want to amend a return if, for example, you learn about some additional income you made during the tax year, ...

Representations have been received seeking clarification as to whether cases where payment has been made through FORM GSTR 3B ...

Effective from the date of publication in the Official Gazette, this amendment updates the Income-tax Rules, 1962, ...

The taxpayer failed to substantiate that a theft occurred or, if it did, its tax year of discovery for his investments in an ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2024.

Homeowners' discontent over rising property taxes is leading the growth of a movement to abolish them across GOP-led states.

Gujarat High Court held that the refund of IGST paid under Section 16 (3) (b) of the IGST Act, read with Section 54 of the GST Act, is allowable and directed the authorities to amend the shipping bill ...

Local governments in Florida are mulling the idea of eliminating property taxes, and even the state’s governor is hinting he could be on board with it. Realtor.com […] ...

Deadline for GST amnesty payment nears, recent circular & notification offers relief to taxpayers: With the deadline drawing near for the Goods and Services Tax (GST) amnesty scheme, introduced under ...

In our new Ask the Editor series, Joy Taylor, The Kiplinger Tax Letter Editor, answers questions related to filing of tax ...

How a simple error on a state income tax return triggered a Detroit income tax bill for thousands of dollars for Northville couple.

Ans. Finance Bill, 2025 amended section 10 (10D) of the Income-tax Act, 1961 so as to provide that proceeds received on a ...