Key Points ・You usually have up to 3 years to amend your tax return to fix errors. ・Use Form 1040-X to report the changes to the IRS. ・You must include any forms that changed (W-2, 1099, 1098-T). You ...

Nagpur: The income tax department at Nagpur — which covers both Vidarbha and Marathwada regions — received nearly 6,000 ...

Revision of income tax (I-T) can be done at any time three months before the end of the assessment year or before the ...

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

Ahmedabad: After a large number of taxpayers received interest demand notices on updated returns, the Gujarat Chamber of ...

The Telangana High Court ruled that an assessment order passed ten years after an ITAT remand violated Section 153 of the Income Tax Act. It held that the order was barred by limitation and ...

Not every state resident will be getting a New York State inflation reduction check. The checks were aimed at compensating ...

The Chancellor has abandoned plans to hike income tax at the Budget because of improved economic forecasting. Rachel Reeves ...

Chancellor reportedly tells watchdog she intends to increase personal tax in one of several ‘major measures’ planned for ...

The Kerala High Court has held that disclosure of income and payment of tax under the Income Tax Act, 1961, does not preclude initiation of proceedings under the Prohibition of Benami ...

The Tribunal held that substantial bank deposits without filing a return provided adequate basis to reopen under section 147. Notice-service objections failed due to section 292BB, and the quantum ...

If you've received an audit from the Central Collections Agency and thought no big deal, think again, because now you may ...