Miami lobbyist ‘Dusty’ Melton pleaded guilty on Thursday, Feb. 20, 2025, to tax evasion. He will be sentenced in May. Feds have charged him with owing $1.3 million in back income taxes.

Preparing your IRS taxes for the first time may seem daunting, but here are some return preparation and filing tips to start.

The Union Budget 2025, presented in the Parliament Session on February 1, 2025, introduced major reforms in exemptions and deductions under the new tax regime for the Financial Year (FY) 2025-26 and ...

When corporations based in areas of above-average income inequality pay more taxes, it's not just the public that appreciates ...

In a reply to this, the Income Tax Department clarified that there are no changes in refund provisions. The I-T department ...

The Income Tax Act, 1961, does not prevent taxpayers from claiming a refund just because the return was filed after the ...

Experts pointed out that the new income tax bill proposed for FY2026-27 would require taxpayers to file their ITR by the due ...

While filing a belated return is permitted there is a lack of clarity on whether the assessee will be able to claim a refund ...

Under the new Income Tax Bill, 2025, Clauses 196, 197, 198 will deal with capital gains, and cryptocurrency has now formally ...

One key update is the introduction of a “tax year,” which refers to the 12-month period starting from April 1, effectively ...

The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...

The new bill has also provided repeals and savings clause to ensure that rights and benefits accrued to the taxpayers under ...