While the new Income Tax Bill succeeds in simplifying existing laws, it falls short of offering the necessary financial ...

The new Income Tax Bill is set to be introduced in the Lok Sabha, aiming for in-depth consultation via a Select Committee.

IRS software compares these tax forms to your return, and it can be "flagged for audit" when there's a mismatch, explained ...

The Centre is keen on detailed consultations, and the bill is expected to be referred to a Select Committee for further examination. The Union Cabinet last week cleared the new Income Tax bill.

Filing your own tax return is less expensive but a CPA can defend you if the IRS has a problem with your return. Your choice can depend on the complexity of your income.

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT) ruled in favor of Purna Purshottam Exports, stating that the Principal Commissioner of Income Tax (PCIT) cannot invoke Section 263 of the ...

This is a great opportunity for candidates who wish to work in the Income Tax Department. For this, the Income Tax Department, Kerala Region has released recruitment for the posts of Stenographer ...

Following cabinet approval, the new Income Tax Bill was introduced in Parliament on Thursday by Nirmala Sitharaman. This bill replaces the Income Tax Act of 1961 and aims to simplify India's tax ...

The ITAT emphasized that a proper assessment of the agricultural income was necessary before confirming the addition under Section 68. The assessee’s counsel argued that sufficient evidence, including ...

Accounting students from Montana State University's Jake Jabs College of Business and Entrepreneurship are offering free tax ...

The Lagos State Internal Revenue Service has maintained that a Tax Clearance Certificate of the parents or guardians of SS3 students in state-funded secondary schools is mandatory for them to ...

For the first time in 25 years, parents in Lagos are required to provide their tax clearance certificates or pay N10,000 for their children to sit for the WASSCE.