The Income Tax Department is cracking down on fraudulent tax deduction claims, including those under sections like 80GGC, 80E, 80D, 80EE, 80EEB, etc. Taxpayers who have made incorrect claims can ...

Your income tax refund for AY 2025-26 is delayed? Experts explain new rule behind holding back ITR refunds As ITR filing for AY 2025-26 picks up pace, reports suggest the government may delay ...

Marginal Tax Relief Explained: For the Financial Year 2025-26, if your annual income is Rs 12,89,000, marginal tax relief will apply for you. But will you be taxed on your entire income or just on Rs ...

Taxpayers are facing delays in getting their income tax refunds for AY 2025-26, mainly due to the late rollout of ITR forms and backend processing issues. Here's how you can track your refund ...

The Income Tax Department has launched the Excel-based offline filing tools for ITR-2 and ITR-3 for the Assessment Year 2025-26, signaling that return filing for the financial year 2024-25 is now ...

Two million people are likely to have lied on their tax returns, and they've been warned the repercussions could be severe. (Source: Getty) But while it might not seem like a big deal, the penalties ...

The bill includes a substantial 35% tax credit for semiconductor manufacturers.

ITR-2, ITR-3 excel utilities now live for AY 2025-26: Income Tax Dept The Income Tax Department had earlier extended the deadline for filing returns for Assessment Year 2025–26 from July 31, 2025, to ...

South Africa’s 2025 Tax Season launches today with the first batch of auto assessments rolling out. Here are all the changes taxpayers should take note of.

The income tax (I-T) department has now enabled ITR-2 for filing returns through online mode with pre-filled data at the e-filing portal.

SARS’ systems have been hit with glitches and downtime, as multiple tax deadlines land on the same day the service started rolling out auto assessments.

For FY 2024-25 (AY 2025-26), there have been quite a few updates in the Income Tax Act, 1961, such as new capital gains regulations and changes in the income tax slabs. This might leave NRIs ...