ITAT Jodhpur ruled in favor of the assessee, emphasizing that penalty proceedings are distinct from assessment proceedings. The tribunal noted that the mere disallowance of claims does not ...

G.S.R. 125 (E).— In exercise of the powers conferred by section 285 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes the following rules ...

With the 2025 tax season underway, Free File could be just what you need to get your taxes done early and only for $0.

The post Your Recent Mortgage Statement Holds the Secret to a Big Tax Bonus This Year appeared first on Real Estate News & ...

This time of year is always a stressful time for independent accountants. During the summer most of these accountants don’t put in many hours but they make up for it in tax season. I ...

Volunteers meet with taxpayers twice a week at the United Methodist Church in Lake City. Appointments are scheduled between ...

Here's when the last day to file taxes is, what documents you'll need, new forms for the 2024-25 tax season and how to track ...

IRS Direct File is back again this year with significantly expanded eligibility despite confusion over whether Elon Musk had ...

The Minnesota Department of Revenue will open the state individual income tax filing season Jan. 28. For Minnesotans’ benefit and convenience, this date matches the opening day for the ...

Nonrefundable tax credits can only be used against taxes that you owe -- once your tax bill hits $0, you don't get the ...

Getting a head start on your tax return will hasten your refund if you're getting one. Filing early is also a way to guard against tax-refund fraud, which occurs when a scammer gains access to your ...