Income tax audits are usually the result of bell-curve analysis and targeted group analysis, or referral by another tax agency, such as the IRS. Tax agencies within California communicate with one ...

This time of year always makes my chest feel tight. As I pull together paperwork for our tax agent, I can still feel the ...

ITR 2025: These are some of the precautions you should take while filing your income tax return.

Not everybody who receives income in India needs to file an Income Tax Return (ITR), but a few individuals are either required to or benefit a lot by filing one. Reporting your ITR is not just a ...

People earning below ₹2.5 lakh may be exempt from filing an income tax return, unless specific financial conditions trigger mandatory ITR submission under current tax rules.

⚠️ I-T Department Cracks Down on Fake Deductions The Income Tax Department is taking strict action against taxpayers who are falsely claiming deductions under various sections of the Income ...

Income Tax Bill 2025: 3 major changes in ITR filing you might see next year On July 21, the Select Committee presented in Parliament its report, in which many important recommendations have been ...

It might be tempting to underreport your income or tilt the value of tax deductions in your favor. But the IRS has its methods for catching people who cheat.

It is clarified that the Income Tax Bill, 2025 aims at language simplification and removal of redundant/obsolete provisions. It does not seek to change any rates of taxes.

When a taxpayer files their income tax return (ITR), they face different issues. One of the common issues is the Annual Information Statement (AIS). And this is not new; every year, taxpayers face ...

ITR 2024-25: Taxpayers should categorize their income and select appropriate forms for filing, such as ITR-1 for salaries and ITR-4 for business income.

Taxpayers can extend the deadline to file 2024 Arkansas state income tax returns and to pay Arkansas state income taxes from July 31 to Dec. 3, the state Department of Finance and Administration ...