Tribunal held that where Form 67 is submitted before the completion of assessment, foreign tax credit must be allowed even if the filing was delayed. It observed that neither the Act nor Rule 128(9) ...

Tribunal sent back case to CIT(Exemption) after noting that assessee’s Form 10AB was filed before CBDT Circular No. 7/2024, which extended due date to 30 June 2024. The matter will be reconsidered ...

The co-owner of China Buffet on Dell Range Boulevard on Tuesday was sentenced to 18 months in federal prison with no ...

A father-son duo faced tax issues after jointly selling ancestral land. The purchaser erroneously deducted the entire TDS ...

The survey is clearly unscientific: there’s no limit to how many times users can take it, and the IRS makes zero effort to ...

NORWICH — A local business owner is facing larceny and tax evasion charges for failing to pay more than $130,000 in taxes, ...

The Canada Revenue Agency (CRA) says it won’t require bare trusts to file tax returns and Schedule 15s for the 2025 tax year if new legislation isn’t “enacted well in advance” of the tax-filing ...

The former Lexington County state representative pleaded guilty in federal court last month to distributing child porn.

General Motors will book a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed.

BOISE — The Idaho State Tax Commission says taxpayers who qualified for an automatic extension to file their taxes must send in their return and full payment by Oct. 15. According to a Wednesday press ...

ST. PAUL (WJON News) -- A Minnesota tax preparer has been charged with multiple tax crimes. The Minnesota Department of Revenue says the Hennepin County Attorney's Office has charged Mubarak Jama of ...