One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26. The new form reportedly contains 55 segment-wise clauses, ...

Courts have increasingly held that Input Tax Credit cannot be denied to bona fide taxpayers merely because suppliers failed to pay GST. Authorities must prove fraud or collusion before disallowing ...

In diagnostic medicine, a false positive is among the most dangerous of all results. It does not merely miss a disease; it persuades the patient they are well, eliminating the urgency to treat what ...

WISE, Va. (WJHL) — The Wise County Board of Supervisors recessed the adoption of a new tax code once again at Tuesday night’s meeting after one and a half hours in closed session. The proposed tax ...

A routine inspection of biryani restaurants in Hyderabad has unexpectedly exposed what officials now describe as one of the largest suspected tax evasion rackets in the country, with concealed sales ...

Receiving an audit letter from the Internal Revenue Service is not the way anyone wants to end the tax season. However, not every audit that arrives in a taxpayer’s mailbox requires a face-to-face ...

We're roughly a month into 2026 tax season and if you haven't yet filed 2025 income tax returns, you may be deciding whether to hire a professional tax preparer or self-file for free. More than 12 ...

LUBBOCK, Texas (KCBD) - Two Lubbock County commissioners say a recent audit validates their decisions to approve back-to-back no-new-revenue tax rates, while County Judge Curtis Parrish says ...

SEBI released a circular introducing detailed operational, governance, and risk management requirements for custodians following amendments to the Custodian Regulations. The guidelines mandate ...

“Audit” is the word that no taxpayer wants to hear from the Internal Revenue Service. Some 24 percent of taxpayers are worried about being audited by the IRS, according to a poll by survey data firm ...