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the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years.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

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, ...

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

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

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 ...

Millions of people have still not filed their online self-assessment tax returns for which the deadline is midnight, meaning ...

The Money Saving Expert founder cautions against leaving it until the last moment - and over child benefit allowances ...

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

HMRC says you may get a simple assessment letter if you: owe income tax that cannot be automatically ... and you can either fill out its online form, use the online chat function, or get in ...

Gifts of up to €3,000 may be tax exempt but they will still be assessed as savings under the Fair Deal nursing home support ...