However, an update to the Income Tax Utility on 5th July 2024 prevented new regime taxpayers from claiming rebate under 87A from Short Term or Long Term Capital Gain. 5. The modification of the ...

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 ...

The Internal Revenue Service will give about a million taxpayers a surprise $1,400. The IRS will distribute $2.4 billion to ...

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 — ...

The Bombay high court directed the Central Board of Direct Taxes (CBDT) to extend the date for e-filing of belated income tax returns for taxpayers required to file by 31, 2024. Belated return, a last ...

In the present case, Assessee is entitled to file a revised return computing rebate under section 87A, which would enable ...