The Internal Revenue Service has posted guidance in the form of questions and answers on digital asset broker reporting on ...

The Internal Revenue Service (IRS) requires employers and employees alike to use specific tax forms to accurately record ...

The Court condoned a 70-day delay in filing Form 10B, holding that the minor delay was justified and denying exemption under Section 11 would cause genuine ...

The Tribunal accepted medical reasons for delay, found notice service defective, and set aside a non-speaking CIT(A) order for fresh adjudication under Section ...

Bombay High Court held that delay in filing of Form No. 10 was condoned since activities of trust are genuine and denial of benefit of accumulation u/s. 11(2) due to delay in Form No. 10 would cause ...

Madras High Court held that a trust’s legitimate tax exemption cannot be denied merely for delay in filing Form 10B, directing the Assessing Officer to allow benefits under Section ...

The Bureau of Internal Revenue (BIR) released Revenue Memorandum Circular (RMC) 94-2025 on Sept. 24, 2025, providing ...

The Gauhati High Court set aside a GST order issued without a valid show cause notice under Section 73(1) of the AGST Act, holding that a DRC-01 summary cannot replace a detailed ...

The announcement signals the likely end of Direct File — a project that Trump administration officials and Republican lawmakers targeted this year.

The Tribunal held that TDS credit cannot be restricted solely due to differences between reported turnover and Form 26AS if the assessee has correctly offered the income for tax. The appeal was ...

ITAT Mumbai ruled that relief under the first proviso to Section 201(1) is available if Form 26A certifying the deductee’s tax payment is furnished. As the buyer obtained the certificate post-appeal, ...

Tribunal held that filing of Form 10B is a procedural requirement, not a mandatory condition for exemption under Section 11, allowing relief to a charitable trust despite a four-day delay in uploading ...