The IRS' free direct online tax filing tool is being eliminated. Here’s what you need to know.

The Treasury Department said in an October report to Congress that participation in the Direct File program was low and the ...
Tax Guru

Relaxations/Optional Tables in GSTR-9 and GSTR-9C for FY 2024-25

Learn about the latest relaxations and optional tables in GSTR-9 and GSTR-9C for FY 2024-25, including simplified ITC and exempt supply ...

The CRA’s revised disclosures program will encourage more offside taxpayers to come forward

Taxpayers are more likely to come forward to the Canada Revenue Agency (CRA) about unpaid taxes under the agency’s revised ...
Tax Guru

Andhra Pradesh HC Quashes GST Assessment Orders for Clubbing Multiple Financial Years

Andhra Pradesh High Court ruled that a single, composite GST show cause notice or assessment order covering multiple financial years is impermissible under the GST Act. The court set aside the orders ...
Advisor.ca

Feds tighten 21-year rule for trusts, simplify qualified investment regime

Generally, trusts are deemed to have disposed of their property at fair market value every 21 years. The budget proposes to ...