Income tax alert: Disclose foreign assets and income in revised ITR by December 31

Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.

Income tax: Can you claim deductions unreported to employer while filing a belated ITR? Experts weigh in

Taxpayers can claim deductions not reported to employers while filing their income tax returns, even after the employer's TDS calculation. The final deadline for belated returns is 31 December, ...
Young and the Invested on MSN

Powerball after taxes: How much will the $1.70B winner keep?

What will the extra lucky winner do with their $1.70 billion Powerball Jackpot? The odds of winning the jackpot are 1 in ...
Tax Guru

Late Form 67 Filing Ignored Because FTC Is a Vested Treaty Right

The ITAT held that late filing of Form 67 cannot defeat a valid FTC claim. The ruling clarifies that procedural delays do not override substantive treaty ...

Income tax return: Can you revise your ITR after December 31? Here's what experts say ahead of deadline

Here's what experts suggest taxpayers can do ahead of the 31 December 2025, if they miss the revised or belated ITR deadline.
The Daily Overview on MSN

IRS will notify you about tax math errors after new law

Millions of Americans who file their own returns have long learned about tax math mistakes only after the Internal Revenue ...
India Today

Got a strict ITR mismatch message from the tax department? Here's what it means

The message is triggered when the department detects a “significant mismatch” between exemption or deduction claims in the ...