The Rajasthan and Karnataka high courts' decision to extend tax audit reports filing deadline to October 31 is applicable to only these two states. CBDT is yet to speak on the matter ...

With the deadline for submitting income tax audit reports fast approaching, businesses and professionals need to understand the rules, eligibility, and penalties tied to tax audits for the 2024-25 ...

While the Biden administration is planning to audit more tax returns of those who make more than $400,000 annually to recoup revenue, a new analysis of a Trump administration policy suggests targeting ...

When taxpayers submit their returns this year, they will hope they have faithfully fulfilled their civic duties and can rest on their laurels — at least until next spring. But for millions of ...

While the headlines focused on tax cuts and political wins, what catches my attention is something else: a continued shift in how Americans are expected to save and how employers will be involved in ...

The Karnataka High Court and the Rajasthan High Court have directed the Central Board of Direct Taxes (CBDT) to extend the ...

Hall County’s Chief Appraiser responded Wednesday afternoon to an audit from the tax commissioner’s office that claimed more than 350 properties in the county had been improperly receiving senior ...

The CBDT has extended the tax audit deadline for FY 2024-25 to October 31, 2025. Missing the new date can attract penalties up to ₹1.5 lakh unless a valid reason is provided.

The CBDT has decided to extend the specified date for filing various audit reports for the Previous Year 2024-25, by one ...