A Kansas City man has pleaded guilty in federal court to fraudulently obtaining nearly half a million dollars in COVID-19 relief funds through the Paycheck Protection Program.

The Delhi High Court held that delay in filing Form No. 67 cannot defeat a substantive claim for Foreign Tax Credit. It directed the Assessing Officer to verify and grant FTC, observing that denial on ...

Tax relief and tax rebates are often confused. Learn how they differ, who qualifies and what each option can — and can’t — do for your taxes.

A Kansas City man has pleaded guilty to COVID-19 fraud and faces up to 30 years in prison for it.

The Court held that failure to comply with payment conditions under the 2020 Scheme automatically revived withdrawn revision petitions. This made the assessee eligible under the 2024 DTVSV ...

An investigation by the Tennessee Comptroller’s Office has revealed questionable financial activity involving the executive director of Skills Training and Rehabilitation Services Incorporated (STARS, ...

ITAT Mumbai allowed foreign tax credit of ₹90,208 despite delay in filing Form 67, holding Rule 128 directory and procedural lapse cannot defeat substantive Sec 90/DTAA ...

The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine start-up cannot be denied deduction under Section 80-IAC merely on procedural ...

The Bombay High Court held that a pending penalty appeal qualifies as a “dispute” under the Vivad Se Vishwas Scheme. Rejection solely for absence of assessment appeal was set ...

New IRS rules for inherited IRAs became effective last year. Pay attention to avoid a 25% penalty and a "tax bomb".

ITAT Pune held that time limit of six months for filing an application u/s. 80G(5) of the Income Tax Act applies only to trusts which have not started charitable activities and not to trust which has ...

The Court permitted filing of a statutory appeal against a Section 73 GST assessment after rectification was rejected. Relief was granted on condition of depositing 25% of the disputed ...