The income tax department enabled Excel-based utilities for ITR-1 and ITR-4 for offline filing for FY 2024-25. 15,497 ITRs ...

Petitioner sought quashing of the order passed by CIT (E) whereby the application filed by the petitioner u/s 119 (2) (b) seeking condonation of delay of 151 days in filing the income tax returns & ...

NCLAT Delhi held that statutory provisions of section 43 of the Insolvency and Bankruptcy Code [IBC] empowers resolution professional to file application for avoidance of preferential transactions.

The result is net profit or loss and is recorded on Line 31 of Schedule C and also on Line 12 of IRS Form 1040 as business income. If a business owner files additional Schedule C forms for other ...

A handwritten signature was not required on a petition filed with the Tax Court that was created on the court’s online petition generator.

Former President Joe Biden delivered the first remarks since he announced he had an aggressive form of prostate cancer Friday ...

The update follows the extension of the ITR filing deadline to September 15, 2025. It gives taxpayers extra time to file ...