BBA Partnership Audit Rules: The Complexities In Filing An AAR
Buried within the BBA audit rules are strict requirements applicable to amending a partnership income tax return—known as an ...
Tax Guru16h
Budget 2025: Proposed Amendments in Block Assessment Provisions
Vide Finance (No. 2) Act, 2024, the concept of block assessment was introduced by amending provisions of Chapter XIV-B (sections 158B to 158BI of the Act) to be made applicable where a search under ...
Tax season has begun. Here’s when you’ll get your refund
Tax season is underway. The IRS has debuted a new online tool to help taxpayers check the status of any refund they may be ...
New to filing taxes? Six questions to answer before you start your return
If you think you need to file a return this year, maybe for the first time, you're likely wondering where to start.
Budget 2025 provides relief to taxpayers in filing updated returns but with a penalty of up to 70%
The deadline for filing updated tax returns has been extended from two to four years. This allows taxpayers more time to correct discrepancies in their income tax returns. However, delayed filings ...