Stay updated with breaking news from Tax notices. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The IRS has announced approximately $1 billion in penalty relief for millions of taxpayers that were not sent automated collection reminder notices during the pandemic. ....
The Central Board of Indirect Taxes & Customs (CBIC) has directed field formations to exercise discretion in issuing show cause notices related to secondment arrangements of companies hiring expatriates. This move follows indiscriminate notices sent to companies based on the Supreme Court s Northern Operating System (NOS) judgment. ....
In a significant move towards transparency and efficiency, tax officials are now required to upload detailed summaries of show cause notices or tax demands raised under the Goods and Services Tax (GST). The Central Board of Indirect Taxes and Customs (CBIC) has recently issued comprehensive internal instructions to field formations, outlining the mandatory practice of digitally summarizing all tax demands and notices. ....