Tax Guru

U/s 10AA Deduction Allowed Despite Late Filing of Form 56F – Procedural Lapse Held Curable

The issue was denial of deduction due to delayed filing of Form 56F. ITAT held that delay is a procedural lapse and directed allowance of ...

Surprise: You May Be Owed An IRS Refund For Payments Made During The Pandemic

A federal court ruling could reopen the window to recover or abate penalties and interest accrued during the COVID-19 ...
Tax Guru

Interest Not Taxable Due to Direct Nexus with Real Estate Project: Delhi HC

The court examined whether interest on FDRs could be taxed as other income. It held that where funds are linked to a project, the interest retains its project nexus and is not separately ...
The Manila Times

Independent Bank Corporation Reports 2026 First Quarter Earnings of $0.81 Per Diluted Share

Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2026 net income of $16.9 million, or $0.81 per diluted share, versus net income of $15.6 million, or $0.74 per diluted share, in the ...

Popular crypto exchange filed 56 million tax forms, over half were for less than $10

Staggering 1099-DA data reveals the messy crypto tax system.