A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It gives a chance to taxpayers to declare income, allow deductions, and pay taxes even if the due date ...

The National Board of Revenue (NBR) has issued a special order regarding the submission of income tax returns online. According to this order, from the fiscal year 2025-2026, all individual taxpayers ...

The income tax return (ITR) filing for non-audit taxpayers for the financial year 2024-25 (assessment year 2025-26) concluded on September 15, 2025 after an extension of 45 days. The cutoff date ...

Delays in tax refunds are avoidable with proper documentation and timely compliance. Many taxpayers have taken to social media to express frustration over delayed income tax refunds. Despite the ...

Plus: Proposed regulations for “no tax on tips,” new tax forms, Roth catch-up contributions, charitable donation deductions, state and local tax deductions, tax filing deadlines, tax trivia and more.

The tax brackets you fall into determine how much you owe the IRS at tax time. For tax year 2024 (filing in 2025), there are seven brackets: 10%, 12%, 22%, 24%, 32%, 35% and 37%. That will remain the ...

ITR Filing: After filing and submitting the income tax returns (ITR), many taxpayers wait for their income tax refunds, especially when they paid more income tax than required. Around 10 days have ...

With a background in financial journalism across national titles, Ruby loves helping people take control of their money and specialises in pensions, tax, banking and benefits. Taxpayers are being ...

Even with the uncertainty surrounding the ongoing government shutdown, one thing hasn’t changed: the IRS is still expecting taxpayers who requested more time to file to meet the October 15 federal tax ...

What is “middle-class”? Although definitions might vary, the Pew Research Center might have an answer. A recent Pew report found that a family of three could be considered in the “middle” of upper and ...

Income Tax ITR filing due date extension: As the due date for submitting Income Tax Returns (ITR) approaches, speculation regarding a likely extension gains momentum among taxpayers. Annually, ...