You could wind up paying a hefty penalty if you don't file your income taxes in time. Here's non-filing tax penalty this year ...

Americans often procrastinate tax filing due to stress, missing documents, complex returns or money concerns. Penalties, ...

IRS January 31 deadline passed: The Internal Revenue Service (IRS) began processing over 270 million information returns this ...

The High Court held that delayed filing of Form 10B is a procedural lapse and does not justify denial of charitable exemption. Trusts otherwise compliant with audit requirements remain eligible for ...

The Finance Bill introduced daily fines and a flat penalty for incorrect crypto disclosures while leaving the existing tax ...

ISLAMABAD: The Federal Tax Ombudsman (FTO) has disposed of a complaint filed by the taxpayer regarding non-reflection of his sales tax deregistration status on the Federal Board of Revenue’s IRIS ...

The Finance Bill, 2026 tightens the compliance screws on crypto assets, expanding reporting and sharpening penalties from ...

The Supreme Court refused to condone a 237-day delay and dismissed the SLP, also holding that the case lacked merit. The ruling underscores strict scrutiny of delay ...

The High Court held that charitable exemptions cannot be denied merely because Form 10B was filed belatedly when it was available before return processing. The ruling treats delayed filing as a ...

Didn’t declare your crypto assets? Budget 2026 tightens tax rules and puts crypto users under closer scrutiny, with penalties for non-reporting and wrong disclosures under the new Income Tax Act.

The case addressed cancellation of GST registration due to non-filing of returns. The High Court allowed the taxpayer to seek revocation by filing pending returns and paying ...

HM Revenue & Customs (HMRC) has begun sending out so-called ‘nudge’ letters to professional advisers and tax agents who have ...