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 issue was whether reassessment proceedings could continue when sanction was granted by an incorrect authority. The Court ruled that lack of approval from the designated authority vitiated the ...

Rebecca Rosenberg has 10+ years of experience as a writer and content strategist. She has written dozens of articles on retirement, financial planning, business, tech, and more. Rebecca has a master’s ...

The Union Budget 2026 brings new tax rules for investors and businesses. Accident compensation interest is now tax-free.

Budget 2026 has proposed reducing the tax collected at source from 5% and 20% to a uniform 2%, irrespective of the amount spent.

Union Budget 2026 PPF, Small Savings, Post Office Schemes, LTCG/STCG Changes, Life Insurance, Gold and SGB Announcements ...

The IRS Direct File program was eliminated for the 2026 tax filing season. However, there are still several free tax preparation software options for some filers.

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

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

As part of the changes, the tax filing deadline for non-audit trusts has been extended to August 31, while the due date for salaried taxpayers remains unchanged at July 31.

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 ...

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