ITAT Chennai held that exemption under section 11 of the Income Tax Act is allowable inspite of certain errors while filing form 10B since the claim is supported by audited financials, revised audit ...

CBDT has introduced amendments to the Income-tax Rules, 1962, through Notification No. 23/2025, effective April 1, 2025. Key changes include modifications to Form 3CD, used for tax audits, with the ...

Form 941 is used to report income taxes, payroll taxes, Social Security, and Medicare taxes withheld from employee wages. Most employers who pay wages file Form 941.

Pakistan's tax shortfall widened to Rs725 billion in the first nine months of the current fiscal year despite slowing refunds ...

Required minimum distributions are taxable withdrawals from ordinary (non-Roth) IRAs that the Internal Revenue Service (IRS) ...

Less: Exemptions on Salary income (other than HRA) which are not allowed under New Regime (e.g. Leave travel allowance, Education allowance, Hostel allowance etc.) Less: Exemptions on Salary ...