For example, receiving a notice of deficiency — which is a letter from the IRS that indicates that you owe more in taxes than you paid — can come as a shock, and you may need time to figure ...

Several MNCs have received notices from the tax department. The Income Tax Department has issued notices to at least a dozen multinational companies (MNCs) operating in India, demanding additional ...

Nashik: With less than a month left for the current financial year to end, the Nashik Municipal Corporation (NMC) has started serving notices to the property tax defaulters. So far, notices have ...

Income tax authorities may now be able to issue reassessment notices under General Anti Avoidance Rules (GAAR) for tax years that fall outside the time limits prescribed for issuing such notices ...

The Income Tax (IT) department has cracked down on dubious political donations, issuing several hundred notices with a long list of questions to individuals who made suspicious donations of over ...

The IRS is giving employers advice about how to use the new coverage statement simplification law in Notice 2025-15. The new law, which has already taken effect, lets employers skip sending ...

Feb. 20 (UPI) --At least 6,000 federal employees of the Internal Revenue Service were expected to receive termination notices by the end of Friday, just ahead of the peak March-April tax filing ...

The Bombay High Court requested more substantial arguments from Skoda Auto Volkswagen India beyond the claim of delay in their plea against a Customs show cause notice alleging Rs 12,000 crore ...

Now, the tax department has reportedly started sending notices to those taxpayers who claimed 87A rebate on short-term capital gains. A LinkedIn post by TaxBuddy claimed that the tax department is ...