As mentioned in the clause 121 of the finance bill, 2025 the amendment is proposed in sub-section (2) of Section 34 of the CGST Act, 2017. Let us have a look at the sub-section (2) of Section 34 of ...

4.2 Counsel for the assessee pressing the legal ground vehemently argued that in this case, the escaped income was Rs.12,38,000/- and the assessment year involved is assessment year 2018-19 and ...

The average refund amount in 2024 was $3,138, according to the IRS. But is paying down debt the best way to spend that money?

If you have jointly filed your tax return, you may be able to limit how much of the joint refund is reduced. The IRS says ...

Do you drive for business, charity or medical appointments? Here are the details regarding claiming mileage on taxes.

Two House Republicans and two House Democrats are teaming up on a bill that would expand the child tax credit to $6,000.

The IRS 90-day rule offers crucial protection to taxpayers, providing a clear timeline and process for disputing tax ...

The future of federal taxes and the IRS is unclear for many reasons under the second administration of President Donald Trump ...

A string of bipartisan measures targeting taxpayer refunds, rights, and protections move forward on Capitol Hill.

We are right in the middle of tax season and if you have already filed, your refund could be because of a popular tax credit.

Eligible Philadelphia homeowners have until Feb. 28 to apply for the city’s Low Income Real Estate Tax Freeze program.

When you sell a home, you'll need to pay taxes on the amount of money you earned on the sale as capital gains. However, if you live in the home for two of the previous five years before selling, you ...