Business Recorder

FBR’s digitalisation lacks impact without non-filer enforcement, experts say

Tax experts have termed the Federal Board of Revenue’s (FBR) digitalisation initiatives insufficient, stressing that along ...

I have a job and run a small business. Using ChatGPT to do my taxes would save me $6K on fees. But can I trust it?

ChatGPT and other generative AI chatbots are being used for almost everything these days, from writing emails to planning a ...
LiveLaw

Punjab & Haryana High Court Directs CBDT To Issue Circular Extending ITR Due Date For Audit Cases To 30.11.2025 For A.Y. 2025-26

The Punjab and Haryana High Court has directed the CBDT (Central Board of Direct Taxes) to issue a circular extending the ITR ...

I have a job and run a small business. Using ChatGPT to do my taxes would save me $6K on tax prep fees. But is trusting AI a safe idea?

Imagine this hypothetical scenario: Lorin, a 42-year-old market researcher at a firm who also started his own business, hates ...
Tax Guru

Invalid 147 Reopening: Assessment Scrapped for Incorrect Assumption of Non-Filing

ITAT held that a 147 reopening based on the incorrect assumption that no return was filed is invalid. Since the assessee proved the return was filed, the entire reassessment was ...