One option taxpayers have is challenging demand notice before tax appellate authorities, using the Bombay High Court's ruling ...

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...

A nine-month long investigation into the alleged irregularities in the income-tax department that led to the arrest of five income-tax officers and a chartered accountant for misusing their powers ...

After a long wait, the Senate is launching action on President Donald Trump's "big, beautiful bill" of tax breaks and ...

While the regular tax filing deadline is April 15, those living and working outside the U.S. receive a two-month extension ...

We're told that "Liberation Day" tariffs on imports from around the world will raise $6 trillion in federal revenue over the ...

Between the financial years 2021-22 and 2023-24, corporate tax concessions had a significant revenue impact. For instance, deductions for SEZ units under Section 10AA resulted in tax savings of ...

President Donald Trump said tariffs will bring in enough revenue to "make America wealthy again." How does the administration ...

The state of Colorado will begin sending mailers on Thursday to taxpayers eligible for certain tax credits, according to the Colorado Department of Revenue.

In a setback for industrialist Anil Ambani, the Bombay High Court recently imposed a cost of Rs 25,000 on him for seeking an ...

Preparing taxes on your own can be complicated, especially with ever-changing tax laws. Getting help from an expert can make filing your return on time easier and ensure you're maximizing your ...