Budget 2025 extends the time limit for filing updated ITRs from 24 months to 48 months, but taxpayers filing late may have to ...

Ultimately, India should get a fair share of tax revenue (from overseas digital firms accessing Indian market), which we are ...

The Income-Tax Department's internal committee has received suggestions to simplify and restructure the old tax law, ...

Vide Finance (No. 2) Act, 2024, the concept of block assessment was introduced by amending provisions of Chapter XIV-B (sections 158B to 158BI of the Act) to be made applicable where a search under ...

Section 194-I of the Act requires that any person, not being an individual or a Hindu undivided family, who is responsible for paying to a resident any income by way of rent, shall deduct income-tax ...

India will impose tax penalties of up to 70% on undisclosed crypto gains as part of new regulations under Section 158B of the Income Tax Act. Cryptocurrency traders in India may face significant tax ...

It appears they are prepared to do so at the expense of the poor and middle class, by yanking health care coverage from ...

KCB had also faulted the commissioner, legal services and board co-ordination for rejecting its objection after charging VAT ...

Income tax should not be paid on money provided through state-based catastrophe loss mitigation programs, says a U.S. Senate proposal from North Carolina Republican Thom Tillis. Insurance Commissioner ...

Employers can’t contribute directly to an employee’s personal Roth IRA, but they can still help with retirement savings in other ways. The SECURE 2.0 Act allows employers to contribute to SIMPLE IRAs ...

Plus: First-time filers, tax refund checks, new tax-related scams, IRS job rescissions, federal estate taxes, tax filing deadlines, industry updates, and more.

The finance minister announced steps to tackle slowing growth, rising prices and low middle-class consumption.