The case examined whether the Assessing Officer could reject a DCF valuation. The Tribunal held that commercial valuation choices, if legally prescribed and supported, cannot be ...

This case involved reassessment completed without serving the mandatory scrutiny notice. The Tribunal ruled that such omission is not a curable defect and invalidates the proceedings. The decision ...

An Income Tax Notice is a formal communication from the Income Tax Department sent to the taxpayer on various grounds. Check ...

This year, the department has intensified scrutiny. Here is what taxpayers should know about income tax refund delays ...

If implemented it will lead to reduced compliance burden, lower cost of tax filing, and significant savings in time and ...

If you're ready to file your 2025 income taxes (and receive your potential tax refund) early, here is the information and ...

Refund delays usually arise because the return is not fully processed or because the tax department has flagged a mismatch or ...

Taxpayers are advised to track their return status on the income tax e-filing portal and wait for the intimation once it is ...

After many nerve-wracking months of wondering about the 2025 taxes for gambling wins and losses, we now have an answer. The IRS made it official that, for the 2025 tax year, there will be a measure to ...

If you are a taxpayer who has made purchases or transactions subjected to Tax Collected at Source (TCS), it is essential to download your TCS certificate in Form 27D from the official TRACES portal.

Filing taxes can be a complicated process, especially for entities that fall outside the common categories of individual taxpayers. One such form that caters to these unique entities is the ITR-5 form ...