Income Tax audits must now be submitted by October 31, 2025, after an extension by the Income Tax Department. Tax audits are ...

ITAT confirmed GP and unsecured loan additions but deleted expense disallowances, ruling that rebates and receipt-backed rent are valid business expenses without a proven personal ...

A taxpayer involved in business or professionhas to compulsorily maintain books of accounts for his business such as cash ...

A Berlin woman who ran a home health care agency has pleaded guilty in federal court to hiding more than $1 million in gross earnings by filing a false tax return, federal officials said this week.

Any taxpayer who is required to file an income-tax audit will incur penalties if the audit is not filed within the due date ...

Every year during a legislative session, Arkansas lawmakers consider more than 2,000 bills that could become state law. A ...

Domain Money reports effective tax optimization strategies can significantly lower tax burdens for all income levels through ...

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Rajasthan and Karnataka high courts have directed the Central Board of Direct Taxes to extend the due date to submit tax ...

The captioned appeal at the instance of assessee pertaining to A.Y. 2008-09 is directed against the order dated 03.02.2025 of Addl/JCIT (A), Bhubaneswar passed u/s.250 of the Income-tax Act, 1961 ...

From misinterpreting financial statements to making uninformed investment decisions, these critical oversights could be ...

For AY 2025-26, businesses exceeding turnover limits and certain professionals must file tax audit reports by September 30, ...