Maskot | Maskot | Getty Images The bulk of Americans buying qualifying new electric vehicles are opting to receive an associated tax credit upfront from the car dealer instead of waiting until tax season, according to new Treasury Department data. About 90% of consumers who qualify for a “new clean vehicle” tax credit — … Read more
New Delhi: The Congress has received a Rs 1,800 crore notice from the Income Tax Department, a day after the Delhi High Court dismissed the party’s petition challenging the tax notices. The fresh notice is for assessment years 2017-18 to 2020-21 and includes penalty and interest. The Congress is already facing a funds crunch after … Read more
A reference from the Prime Minister’s Office or a VIP reference will help your Income Tax Appeal to be taken up on priority or out of turn disposal, Central Board of Direct Taxes (CBDT) has said in its new guidelines. Also read: Tax Query: Tax liabilities on sale of shares The new guidelines, will replace … Read more
New York CNN — So far this tax season, the IRS has received more than 100 million income tax returns for 2022. That means tens of millions of households have yet to file their returns. If yours is among them, here are some last-minute tax-filing tips to keep in mind as the Tuesday, April 18 … Read more