Delhi High Court upholds sentence under section 276C(2) of the Income Tax Act for wilful non-payment of income tax since merely claiming financial inability, without providing any further explanation ...

Mumbai ITAT allows full depreciation for New Rampgreen Technologies, citing asset ownership date. It also voids the reassessment, holding that the tax audit report was already with the AO, preventing ...

Gurgaon: An audit of the MCG joint commissioner's office found that the corporation has no records of 34 property owners who have not paid taxes amoun.

India’s GST system is gaining widespread approval, with 85% of businesses reporting a positive experience in Deloitte’s GST@8 ...

Clear Start Tax Breaks Down Common Filing Mistakes, Hidden Income Triggers, and What Freelancers Can Do to Avoid IRS Trouble ...

The sign outside the Internal Revenue Service building is seen. May 4, 2021, in Washington. (AP Photo/Patrick Semansky, ...

The taxpayer had challenged an amended tax assessment on the ground that sale of goods occurs when ownership of goods is ...

Listen to the podcast by either clicking the 'play' button above, searching for AccountingWEB in your favourite podcast app or clicking this link. [1]* ...

As content creation evolves into a full-fledged profession, influencers must treat it like a business—complete with income tax filings, GST obligations, and mandatory audits in some cases. Choosing th ...

A routine audit of the Town of Orchard Park's finances found a $105,000 discrepancy in funds in the Tax Receiver's Office.

Significant reductions in the IRS workforce appear to be increasing the number of 'no change' audit closures. The shift could ...

The Senate proposed a “no tax on tips” plan that differs in a few ways from one advanced in May by House Republicans.