A Sikar taxpayer faced a ₹3.99 lakh penalty after declaring ₹12.9 lakh in income following an income tax notice. The ITAT ...

Income Tax Penalty: As a busy adult, sometimes forgetting a few important dates becomes a huge mistake later. It is like ...

Tax authority grants another two-week extension following requests from trade bodies and tax associations amid complaints ...

According to the National Tax Agency, shareholder benefits are treated as "miscellaneous income," and if your income other ...

Previous filing deadline was October 15.Initially, the date was September 30.FBR issues circular announcing fresh ...

ITAT Chennai allows Section 11 exemption of ₹79.92 lakh to charitable trust filing ITR under Section 139(4), relying on CBDT's 2019 clarification.

The FBR had extended the deadline for filing annual tax returns for the 2025-26 tax year from September 30 to October 15.

Key points of this article The benchmark is 200,000 yen in annual side income. The 200,000 yen refers to profit (income minus expenses), not total sales. Even if it is 200,000 yen or less, you must ...

The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for tax year 2026 to October 31.

ITAT Kolkata upholds charitable trust’s Section 11 exemption despite belated return, following Bangarh Educational Welfare Trust and CBDT guidance.

When a retiree pulls money from her IRA in May and converts more to a Roth in December, two states and the federal government ...