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Scrutiny time for tax returns could be down to 1 year as govt plans friendlier approach
As of now, this assessment can be completed in two years after the close of the assessment year. Th…
Guide to filing Income Tax Returns
Normally there is a lot of confusion about who needs to file returns, here’s a list of people who n…
How to file the income tax return for the previous year
As per the Finance Act amendment 2016, it is possible to file the delayed IT returns any time be…
The IRS chief says the agency will get through its backlog of unprocessed tax returns 'before December'
Millions of Americans were waiting on tax refunds for months in 2021. The IRS is aiming to get them…
Juliana Kaplan
One photo of an IRS cafeteria overstuffed with paper shows why you haven't gotten your refund check yet — and just how underfunded the agency is
Many Americans have been waiting for their tax refund checks for months. They may be buried in a pi…
Juliana Kaplan
How to file Income Tax Return online for salaried employee
Tax compliance is viewed as the mark of an individual’s financial wisdom and ethical outlook. It i…
Millions of Americans may finally get their tax refund checks as the IRS clears out a backlog of 8 million 2021 returns
The IRS has been drowning in paper, and taking months to process tax returns — which held up refund…
Juliana Kaplan
White House issue subtle dig at Trump over unreleased tax returns, saying Biden and Harris releasing their 2020 tax returns is an 'almost uninterrupted' tradition
The dig was aimed at former President Donald Trump, who never released his tax returns as president.
Azmi Haroun
The IRS could auto-fill nearly half of taxpayers returns, according to a new paper — meaning they wouldn't have to spend time and money filing their taxes
Right now, Americans spend billions of dollars — and hours — preparing their taxes. But many could …
Juliana Kaplan
Keep your Aadhaar number ready while filing income tax return
Jaitley said making Aadhaar number mandatory will curb tax evasion and frauds. "Aadhaar has biometr…
September 30! 5 must things one should know before filing a business tax return
With no extension in September 30 filing deadline, here is a list of all the things one should …
Who and How we can file ITR 4 Online?
ITR 4 can be filed by those individuals, Hindu Undivided Families and Partnerships whose t…
Trump spent more than $70,000 to style his hair when he was on 'The Apprentice' and wrote it off as a business expense: NYT
Donald Trump also paid nearly $100,000 to his daughter Ivanka Trump's hair and makeup artist, accor…
Lauren Frias
As taxes come due, millions of Americans are still waiting on their refunds from last year
Some people are still awaiting thousands of dollars in 2020 refunds — and have seen their finances …
Juliana Kaplan
Pay penalty if you haven't yet filed IT returns, no more extensions now, says India's tax authority
The income tax department had received several representations to further extend dates for fil…