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 ...

The Supreme Court has struck down Trump’s authority to impose tariffs on other countries through the International Emergency Economic Powers Act (IEEPA). But it’s not the only tool at the president’s ...

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 ...

A newly introduced bill would prevent some public sector retirees from being hit with a tax bill after they were made eligible for Social Security benefits last year. The bipartisan bill, known as the ...

A proposal to raise taxes on the wealthiest Californians has sharply divided Democrats in the biggest blue state in the country — and is poised to set up a broader debate for the party heading into ...

For years, no-income-tax states like Texas, Tennessee, and Florida have often led the pack in attracting and retaining residents looking to put down roots where they do not have to split ownership ...

Early birds can submit their 2025 tax returns today and receive their potential tax refunds in two to three weeks. Peter is a writer and editor for the CNET How-To team. He has been covering ...

A new $6,000 deduction for senior citizens and less taxes on tips and overtime are some of the biggest changes for your 2025 tax return. Peter is a writer and editor for the CNET How-To team. He has ...