The Income Tax Department has rolled out updated Excel utilities for ITR-1 and ITR-4 for AY2025–26. These forms now support exempt LTCG reporting, rent deduction under 80GG, and regime ...

The Income Tax Department has rolled out updated Excel utilities for ITR-1 and ITR-4 for AY2025–26. These forms now support exempt LTCG reporting, rent deduction under 80GG, and regime ...

The Income Tax Department has activated online filing for ITR-1 and ITR-4 for AY 2025–26, featuring prefilled data and updated forms. Taxpayers now have until September 15, 2025 to submit their ...

The new tax regime has been the default regime for past two years. Any action in the previous years with regards to choosing of regime will not be applicable this time.

In this article, we will dive deep into both tax regimes - Old Tax Regime and New Tax Regime. The write-up will explain features, benefits, recent changes, and practical implications for taxpayers ...

In the new tax regime, income up to ₹ 7 lakh is tax-free for FY25. Note that from FY26, the nil tax threshold has been raised to ₹ 12 lakh under Section 87A", said Mohanka of TaxAaram India ...

If you’re filing ITR under the old tax regime for AY 2025-26, be prepared for tighter scrutiny — every deduction you claim, from 80C to home loan interest, must be backed by detailed documents ...

Mayor Brandon Johnson and his allies defended Chicago's proposed 1% grocery tax as a way to lower the city's deficit and ensure critical services aren't cut.

Many taxpayers are unaware of the income tax slabs that will apply to their income under the new tax regime, which is necessary to calculate their tax liability. This is because the income tax ...

The Corporate Income Tax Agency announced the launch of the new website www.cita.bm ”marking a major milestone in its commitment to transparency, accessibility and stakeholder engagement.” A ...

Fake asset valuations set to surge under $3m super tax regime. Michelle Bowes ... “it’s entirely plausible” that the ATO may require more stringent valuation processes in light of the new tax.

Unrealized capital gains are the increases in the paper value of assets like stocks, Bitcoin, and other markets. If you make money on paper, but don’t cash in, you could pay 15% in tax on those ...