"This extension is to ensure that all taxpayers are eligible for the rebate under Section 87A.", the court said.

The IRS will issue automatic payments to approximately 1 million taxpayers who did not claim the 2021 Recovery Rebate Credit.

1. Hon’ble Bombay High Court vide interim order dated 20/12/2024 directed CBDT to issue the requisite notification and extend the deadline for the revised and belated ITR filing date till 15/01/2025.

REPORT Merry Christmas Eve!! 🎄I hope you’re all having a fun, relaxing day. Before you get back to your festivities, here’s ...

The Internal Revenue Service (IRS) said around 1 million taxpayers will get up to $1,400 in a rebate in the coming weeks. The ...

A million tax filers will soon get a letter from the IRS indicating they have money coming to them because they were eligible to receive the 2021 Recovery Rebate Credit but didn’t claim it on their ...

The Bombay High Court has asked the Central Board of Direct Taxes (CBDT) to extend the deadline for filing revised and ...

The Honourable Bombay High Court said recently, "​By way of interim relief, the... Central Board of Direct Taxes is hereby ...

The court observed that recent changes to the Income Tax Department’s utility software prevented eligible taxpayers from ...

Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming ...

The PIL challenged the denial of the Section 87A rebate under the new tax regime due to changes in the utility software used for filing returns. The plea highlighted that a software update rolled out ...

Thanks to the Inflation Reduction Act passed in 2022 — the most significant piece of climate legislation in U.S. history — ...