We often think that Form-16 is only used for filing tax returns. Most employed people receive it every year from their companies, and upon receiving it, we simply use it when filing their ITR. But did ...

The ruling clarifies that denial of charitable exemption for delayed Form 10B goes beyond Section 143(1). If verification is needed, it cannot be resolved through mechanical processing ...

The tax-filing season officially kicked off on Monday. Investors should watch their mailboxes for key documents they'll need ...

The Prime Minister Narendra Modi-led government had last year announced that no income tax will be payable on income of Rs 12 ...

Plus: TIGTA worries about tax filing season, the Taxpayer Advocate says that backlogs are still a problem, evaluating Trump accounts, tax trivia and more.

Sitharaman noted that tax forms have been redesigned to ensure "ordinary citizens can comply without difficulty," marking a ...

The Budget proposes replacing the Income Tax Act, 1961 with the new Income Tax Act, 2025 from April 2026. The key takeaway is a simplified, modern tax law designed for easier ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

Indiana taxpayers will be among the 164 million Americans expected to file taxes this year. Here are the deadlines to know ...

The Income Tax Act, 2025, simplifies direct taxes, removing ambiguities and thus reducing the scope of legal actions.

A combination of staffing reductions and big retroactive changes in tax law creates challenges for taxpayers and the IRS alike, according to report.

We will begin with honesty here. We aren't economists, we are just a couple of citizens who will be affected by Nirmala Sitharaman's Budget like you. Also, the Budget and economy needn't be drab, so ...