The issue involved wrong filing of Form 10BB instead of 10B. The tribunal held that correction before processing cures the defect. This ensures that genuine claims are not denied on technical ...

Form 121: A new combined form, now replaces Forms 15G and 15H. This simplifies the process for individuals and senior ...

Form 121 has replaced Form 15G and Form 15H, which must be submitted to avoid TDS. A single form removes confusion about ...

The law excludes independent directors from rotational retirement due to their fixed tenure. It clarifies their distinct status in corporate governance. Key takeaway: independent directors follow a ...

With about a month remaining before the federal tax deadline, millions of Americans still need to submit their 2025 tax returns to the Internal Revenue Service. Most taxpayers have until April 15, ...

Four new tax deductions are available on federal returns for eligible taxpayers whether they itemize deductions, such as claiming mortgage interest, or claim the standard deduction. All four big tax ...

If you're over 65 years old and still working, chances are you will most likely need to file 2025 income tax returns. Here's what older tax filers need to know. Depending on your tax situation and how ...

Missing a tax filing deadline can feel like a minor slip, but the financial consequences can snowball quickly. The IRS imposes strict penalties on taxpayers who fail to file on time, and those ...

With the new Income-tax Act, 2025, set to take effect from April 1, the Central Board of Direct Taxes (CBDT) is expected to roll out only 54 out of the 190 forms required under the new law, the ...

With April 15 approaching, many people still have to get around to filing their annual income tax forms. “Preparing our taxes has become so complicated that each year, Americans spend an average of ...