Taxpayers are facing delays in getting their income tax refunds for AY 2025-26, mainly due to the late rollout of ITR forms ...

Taxpayers always seek new ways to save tax. Whether they follow the old tax regime or the new, for the income earned in the ...

ITR form selection is vital for tax returns. ITR-1 suits salaried individuals with income up to ₹50 lakh, whereas ITR-2 ...

While the AIS aims to improve voluntary compliance, the system’s early-stage flaws are causing more confusion than clarity.

A small provision added to President Donald Trump’s “One Big Beautiful Bill Act” — that came to light days before the ...

Taxpayers have a tendency to ignore interest income on tax-saving bonds, fixed deposits, or savings accounts. Income from ...

The new tax law hiked the SALT deduction cap to $40,000. That’s good news for taxpayers in high tax states, but it’s a ...

The new rule aims to prevent unauthorised changes to taxpayer profiles. Only the rightful account holder can now modify ...

“The [law] is going to have very little immediate impact on the housing market because the changes aren’t going to hit people ...

If you earned tips or overtime, you won't see any difference in your wallet until next year, as a tax deduction.

Now that President Donald Trump signed the bill, workers will be able to deduct up to $25,000 in reported tips and $12,500 in ...

When asked by reporters, the minister confirmed that he had received a notice and that he will reply to the notice through ...