Practitioners are working to get clients in line so they can fulfill IRS requirements to prove their clients qualify for ...

The massive tax and spending bill working its way through Congress is just a baby step in the right direction for the many ...

Scott Hodge works as a tax and policy fellow at Arnold Ventures, which works to advance policies focused on fiscal stability. Soon after the launch of the Community Impact Coalition, which is fighting ...

While the new regime offers reduced tax slabs, it doesn't let you claim the usual deductions available under the old regime. It's lower rates, but with fewer tax-saving options. Listen to Story ITR ...

formally notifying Income Tax Return Form ITR-6 for the Assessment Year 2025-26. This form, typically used by companies other than those claiming exemption under Section 11, comes into effect from ...

If you file this early, it’s possible you could receive additional tax documents after you file. For taxpayers who file a return that includes the Earned Income Tax Credit (EITC) or Additional ...

The Central Board of Direct Taxes has released the updated ITR-2 form. It is for the assessment year 2025-26. The form includes separate reporting for capital gains. This is before and after July ...

This was followed by notifying the ITR form 3 on April 30. Later, ITR forms 5 and 2 were notified on May 1 and May 3, respectively. These forms are meant to be used for filing income tax returns ...

Effective FY 2023-24, the maximum surcharge leviable for LTCG on sale of unlisted shares is capped at 15% under both the tax regimes ... office in the specified form along with the approval ...

Getty Images ITR Form 5 has a new addition of a specific reference to the section 44BBC of the Income Tax Act. The income tax department highlighted various changes, one of the most notable revisions ...

The Income Tax Department has released ITR form 3 for FY 2024-25, featuring key changes like an increased asset/liability reporting threshold and revised capital gains reporting. A significant ...

The legislature’s Finance Committee endorsed a $300 million state tax-cutting plan Wednesday that ... adopting a biennial plan before the regular 2023 session closes on June 7 — Scanlon ...