Explore key changes in Draft Income-Tax Rules 2026 including employee taxation, transfer pricing, FTC, digital compliance & reporting updates.

Don’t panic if your IRS transcript says “No Return Filed.” Timing issues, processing delays, or the specific transcript type you selected may be the real reason.

When you fail to file a federal income tax return, the IRS immediately adds a failure-to-file penalty. Under current law, ...

Redesigned income tax return (ITR) forms, broader criterion for applicability of ITR forms, and more pre-filled details a.

The Court held that ITC cannot be mechanically reversed merely because the supplier failed to pay GST. Authorities must prove fraud or collusion before denying ...

The High Court granted a post-decisional hearing after finding that a proper Chartered Accountant’s certificate with UDIN was not filed before the appellate authority. The matter was remanded for ...

The Tribunal upheld penalty for non-filing of return under Explanation 3 but ruled that computation must reduce TDS and self-assessment tax paid before notice. Penalty was reduced from Rs. 8.56 lakh ...

The Registrar held that failure to file Form MGT-14 for approval of financial statements violated Section 117(1) read with ...

When no TCS is collected and NIL filing is not mandatory, late fee under GST cannot be levied. Departmental delay in cancellation does not create fresh ...

The government has informed Parliament that more than 24.64 lakh income tax returns have been pending for processing for over ...

The adjudicating authority imposed penalties for a continuing failure to file statutory financial statements for FY 2020–21. The order reiterates that prolonged defaults attract monetary consequences ...

Americans often procrastinate tax filing due to stress, missing documents, complex returns or money concerns. Penalties, ...