Gifts from friends or extended family may be taxable and should be clearly disclosed in your return, particularly those ...

Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.

To identify such irregularities, the tax department has leveraged technology tools, including data analytics, third-party ...

HMRC has confirmed a new income tax change that will come into effect from next April. The change will impact sole traders ...

The legal heir needs to register on the income tax portal through his or her own PAN and then request permission to act on ...

The Government is being urged to slap either income tax or a tax charge on inherited pensions. not make them liable for inheritance tax as planned.

The proportion of pensioners who are likely to have to pay income tax on their retirement income this year has been estimated ...

The I-T department initiated a large-scale verification operation across multiple locations in the country on Monday, ...

Clear Start Tax explains how income mismatches trigger audits, and what taxpayers can do to stay compliant. IRVINE, CA / ...

A buried provision in Trump's "Big, Beautiful Bill" limits gambling loss deductions to 90% while taxing 100% of winnings.

A Sussex County commissioner has been charged with a crime for information on his 2019 income tax return that state ...

Clear Start Tax breaks down the hidden tax risks of sudden income changes – and how to recover before penalties build up.