JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...

The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.

Volunteers from AARP and the IRS Volunteer Income Tax Assistance Program are offering free tax form preparation and ...

It’s never on anyone’s to-do list to carefully look at all the statements they’re receiving. Most tax filers either hand ...

First-time filers sometimes fall into the trap of believing that only full-time, permanent employees have to file and pay ...

This year's deadline is for the 2023-24 tax year, and HMRC warns that if you miss it, you could face an initial late filing ...

Confidence among the self-employed in completing their self-assessment forms appears to be dwindling. Only 28% of self-employed individuals handle their self-assessment returns themselves, with ...

Many crypto investors have seen gains stretching above their capital gains tax allowance making them liable to the taxman.

Handelsbanken Wealth & Asset Management’s research shows that substantial numbers of self-employed workers continue to struggle with completing self-assessment returns ...

Moreover, the tribunal addressed the issue of immunity sought by DACSS Granites Pvt. Ltd. under Section 270AA (2) of the Act. Despite a belated filing of Form-68 for immunity, the ITAT referred to ...

Those who have registered for a self assessment tax return are sent a unique tax reference number (UTR) by regular mail, ...

HM Revenue and Customs (HMRC) warned that 3.4million people were yet to submit their completed self-assessment form for ...