The court held that reopening after four years based on a different view of the same expenditure amounts to a change of opinion. Absence of failure to disclose material facts made the reassessment ...

Explains when home-loan interest can be added to the cost of acquisition and how the AY 2024-25 amendment blocks double benefits. Key takeaway: unclaimed pre-construction interest may still matter for ...

Hundreds of Catholic faithful gathered at the historic Manila Cathedral in Intramuros on Friday afternoon for the Solemn ...

Batangas 1st District Rep. Leandro Leviste claimed on Friday that he was offered additional infrastructure funding allocation for his district last October, after he raised questions on the Department ...

The income tax dept has been sending intimations to taxpayers whose returns show discrepancies, asking them to rectify mistakes and submit a revised ITR by the year-end deadline.

Batangas 1st district Rep. Leandro Legarda Leviste turned emotional during a Zoom interview Friday, Dec. 26 as he recalled how a certain Department of ...

The northeast monsoon or “amihan” is currently affecting the entire Luzon area, bringing rains and cooler temperatures, while the easterlies are ...

A 28-year-old patrolman was arrested in Parañaque on Thursday, December 25, after allegedly firing his gun in front of minor ...

More than 73 lakh taxpayers are still waiting for their income tax returns to be processed for AY 2025-26. With December 31 ...

The Income Tax Department is alerting taxpayers about potential errors in their tax deduction claims. Through a NUDGE ...

The Income Tax Department has alerted many taxpayers that their refunds are on hold due to ITR mismatches. The identified ...