Senate Democrats raise concerns about IRS readiness for tax filing season

Heading into the new year, Senate Democrats are raising concerns about the Internal Revenue Service's ability to handle the ...

Question Time: Council Tax £6,000 refund! £700 saved ditching O2! And a warranty schmarranty winner

If you want to ask Martin a question, you now can! His Question Time podcast lets you ask Martin absolutely anything and everything (within reason!) – so if you’ve always wanted to know his favourite ...
The Business Standard

NBR considers further extension of tax return submission deadline

NBR Chairman Md Abdur Rahman Khan said that so far 26 lakh taxpayers have submitted their tax returns online, although 42 Lakh have registered for online return submission, a figure lower than last ...
Tax Guru

No Forfeiture, No Tax: Advance Can’t Be Income Under Section 56

The issue was whether advance money from a failed land deal could be taxed as income. The Tribunal held that without clear forfeiture, section 56(2)(ix) does not apply. Key takeaway: forfeiture is ...

Riding a High, Deal Makers Grow Bullish on 2026

It was a comeback year for I.P.O.s. and mergers and acquisitions. Wall Street is optimistic that the winning streak will ...
Tax Guru

Section 263 Revision Upheld as AO Taxed Only TDS Credit Instead of Undisclosed Commission

The ITAT held that taxing only TDS credit, while leaving the underlying undisclosed commission untaxed, is a patent error. Section 263 revision was rightly invoked to protect ...
The Malaysian Reserve

$41 Million USD Transaction Accelerates PowerBank Growth Strategy

Transaction Entered into with Solar Advocate Development for the Sale and Construction of Three Solar Power Projects in New York StateThree Community ...