Filing an income tax return can feel intimidating, especially for those who are new to the process or worried about missing ...

It's quintessential to choose the correct ITR form based on one's income sources and entity type to ensure compliance and ...

It is proposed to provide over 80 per cent of the collateral requirement based on track record through an online evaluation ...

A plan for a hefty new tax on university endowments was crafted to target “woke” schools, lawmakers said. But a small Kansas ...

The decision between the old and new regime depends on available deductions and exemptions. If the assesse has deductions and ...

As of May 20, 2025, there is no update on the e-filing portal of the tax department, while forms from ITR-1 to ITR-7 have ...

With the income tax return (ITR) filing season for FY 2024-25 underway, many taxpayers rush to submit their returns as soon ...

Choosing between the old and new tax regimes depends on your income level, eligible deductions and life changes-switching is ...

Chairman Jason Smith (R-MO) released text of the Committee’s tax title for the FY 2025 budget reconciliation bill—the amendment in the nature of a substitute (AINS). Following the release of the text, ...

The standard deduction was reintroduced in Budget 2018 at Rs 40,000 by then Finance Minister Arun Jaitley, replacing ...

The new regime offers lower tax rates, but does not allow most tax deductions. On the other hand, the old regime permits ...

Plus: Harvard and tax-exempt status, federal deficits and debt, cyberattacks and business tax deductions, filing deadlines, ...