Income Tax department releases the latest list of 30 banks for e-pay tax service. Check list here
The two banks which recently added to the list are Tamilnad Mercantile Bank (included on March 5, 2025) and IDFC First Bank ...
Asian News International on MSN16h
CBDT Chairman recognizes women’s contributions in Income Tax Department on International Women’s Day
On the occasion of International Women’s Day, Ravi Agrawal, Chairman of the Central Board of Direct Taxes (CBDT), shared an ...
Easier Tax Payments! Income Tax Department Expands e-Pay Tax Service with 30 Authorized Banks
In a move to simplify tax payments and enhance digital convenience, the Income Tax Department has updated the list of banks ...
Opinion
How the IRS can crack down on ghost tax return preparers
Indeed, thousands of tax return preparers systematically subvert the tax return filing process, rob the Treasury of revenue and undermine taxpayers’ faith in the system.
Tax Guru15h
Understanding ITR-U vs. Condonation of Delay: What Taxpayers Need to Know
ITR-U: Requires paying additional tax (25–50% of dues, depending on filing timeline). No separate penalties, but interest may ...
These 5 proposed tax cuts will save people $200 million each year, Alabama lawmakers say
Four proposals to cut taxes were introduced Wednesday in the Alabama House of Representatives and appear to be on a fast track. One of the bills would reduce the state sales tax on food, while two ...
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Income Tax Rules: When Your Wife Might Receive a Tax Notice from the Income Tax Department
How Money Transfers to Your Wife Can Lead to Tax Liabilities If you regularly transfer money to your wife's account, it's ...
Tax Guru18h
Debatable Tax Claims in Good Faith Don’t Attract Section 270A Penalties
The tribunal examined the case in light of Section 270A (6), which protects taxpayers from penalties if underreporting results from a bona fide misunderstanding of tax provisions. The appellant’s ...
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Income Tax: Those who take tax exemption by declaring their income from farming should be careful..
People who take tax exemption by citing income from agriculture are now seen getting caught in the clutches of the Income Tax ...
Sentinel & Enterprise on MSN13hOpinion
Editorial: Taxing cable boxes a short-sighted state money grab
It seems the governor isn’t the only one trying to squeeze additional consumption tax dollars out of its beleaguered ...
Even conservatives are worried about Trump's plans to slash the IRS
Mark Everson, who served as IRS commissioner under George W. Bush, said he supported efforts to streamline the IRS. But he ...
How DOGE’s Cuts To The IRS Threaten To Cost More Than DOGE Will Ever Save
The Trump administration claims gutting federal agencies will save money, but cutting the IRS means the government collects ...