The tribunal held that any adjustment while processing a return under Section 143(1) requires prior intimation to the assessee. Disallowance made without issuing such notice is invalid in ...

There has been a lot of attention paid to the new Trump Accounts – especially the promised $1,000 federal government contributions for eligible newborns and the public declarations by companies and ...

The Tribunal held that capital gains must be computed using the final stamp value determined after litigation, not an earlier inflated valuation, and directed deletion of the resulting ...

Some newborns will get a $1,000 starter investment, but long-term gains hinge on additional contributions, market performance and decades of patience ...

Discover how Form 8857 can help you seek relief from tax liabilities tied to your spouse or former spouse. Learn eligibility requirements and filing processes.

Texas families may now apply for a slice of $1 billion allocated for the new Texas Education Freedom Accounts (TEFA), a new ...

Under the 2025 tax and spending law signed by President Donald Trump, babies born between Jan. 1, 2025, and Dec. 31, 2028, will receive $1,000 to launch the account from the U.S. Treasury. Parents ...

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