The new legislation reorganizes provisions related to return processing, scrutiny assessments, and reassessment of escaped income. It simplifies drafting while largely retaining the existing ...

ITAT held that the reassessment notice issued under Section 148 was valid because the Assessing Officer followed CBDT Instruction 1/2022 and the Supreme Court’s decision on reassessment procedures.

Overview Meesho share price dropped about 10% to Rs. 143.34 after the company disclosed a Rs. 1,499.73 crore tax demand for the assessment year 2023-24.The stoc ...

Meesho said it does not agree with the observations and adjustments made in the order and is currently reviewing the ...

Many people living in rented houses focus mainly on paying monthly rent on time, but very few are aware that income tax rules ...

OLYMPIA, Wash. — As Washington’s proposed “Millionaires Tax” advances through the Legislature, key questions are coming into focus. Currently in the state House, the proposed income tax would impose a ...

The Social Security Fairness Act signed at the beginning of 2025 is now unfair, at least when it comes to taxes, according to some representatives in Congress. Those income spikes last year likely ...

Strong winds and steady rain toppled trees and knocked out power by KOMO News Staff OLYMPIA, Wash. — The Washington state Senate on Monday approved a bill that would create a 9.9% tax on income above ...

OLYMPIA — State Senators passed legislation Monday to create an income tax on those earning over $1 million a year, the first hurdle in what will likely prove to be a long battle to get the bill over ...

NEW YORK — Tax season is underway and you have until April 15 to file your return with the IRS. If you want to avoid the stress of the looming deadline, start getting organized as soon as possible.

The good news? The average dollar amount of tax refunds issued so far is up. The rough patch? The IRS has processed far fewer returns in the first two weeks than a similar time frame a year ago. The ...

The Internal Revenue Service is reminding taxpayers that some filers will see their refunds delayed if they claimed one of two specific credits. Taxpayers who claim either the Earned Income Tax Credit ...