The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

Bombay High Court held that delay in filing of Form No. 10 was condoned since activities of trust are genuine and denial of benefit of accumulation u/s. 11(2) due to delay in Form No. 10 would cause ...

Madras High Court held that a trust’s legitimate tax exemption cannot be denied merely for delay in filing Form 10B, directing the Assessing Officer to allow benefits under Section ...

The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) 94-2025 on Sept. 24, 2025, providing ...

Tribunal ruled that disallowance for not filing Form 10 can only apply in the year of default, not later years of utilization. Addition of ₹80 lakh ...

President Donald Trump posted on Truth Social about using tariff revenue to pay dividends to Americans. Trump suggested payments of at least $2,000 per person or even directing funds to Health Savings ...

With so much happening in the employee benefits world, we bring you Benefits Catch-Up, our catch-up contribution to help you keep up with ...

Tribunal held that filing of Form 10B is a procedural requirement, not a mandatory condition for exemption under Section 11, allowing relief to a charitable trust despite a four-day delay in uploading ...

The Gauhati High Court set aside a GST order issued without a valid show cause notice under Section 73(1) of the AGST Act, holding that a DRC-01 summary cannot replace a detailed ...

ITAT Mumbai ruled that delay in filing Form 10B by Sacred Heart Church should not deny exemption under Section 11 and remanded the matter for ...

ITAT Mumbai ruled that relief under the first proviso to Section 201(1) is available if Form 26A certifying the deductee’s tax payment is furnished. As the buyer obtained the certificate post-appeal, ...

SC ruled that providing a Form 15CB certificate is a tax-compliance function, not a criminal act. Without proof of knowing assistance, CAs cannot be dragged into PMLA ...