News

Lok Sabha panel flags fixes in draft Income Tax Bill, backs simplification agenda
The Select Committee has recommended key changes to the Income Tax Bill, 2025, including safeguards for small taxpayers, ...
Tax Guru20h
ITAT Allows Charity Exemption Despite Late Form Filings
ITAT Mumbai grants Goregaon Education Society tax exemption under Section 11, ruling that belated filing of Forms 9A and 10 is permissible if done before assessment, citing binding CBDT ...
Still waiting for a fourth stimulus cheque in July or August? Here's why that $2,000 isn't coming
Talk of a new $2,000 stimulus cheque landing in July or August 2025 has gone viral. But as of now, neither the IRS nor the US ...
Tax Guru3h
Email Notice Invalid as Assessee Opted ‘No’ for Email in Form 35; Ex Parte Order Set Aside
ITAT Raipur sets aside ex-parte CIT(A) order for Ram Bishal Sharma, citing invalid email notice service and upholding natural justice ...
Tax Guru2h
ITAT Sets Aside Assessment & Permits Fresh Hearing as Assessee claims to be mere Rent Collector
ITAT Chennai remands Wavoo Real Estate's tax appeals to AO for fresh adjudication, citing ex-parte assessment and new evidence, with a condition of payment to Legal ...
Soy Nómada on MSN8h
Social Security VA benefits will change this year
This year marks a pivotal shift in the management and taxation of Social Security and Veterans Affairs (VA) benefits, directly impacting how citizens receive and, in some cases, pay taxes on their ...