Finance Minister Nirmala Sitharaman announced that no income tax will be due for those with annual income up to Rs 12 lakh, ...

Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is because to get this tax ...

Finance Minister Nirmala Sitharaman will be presenting her eighth consecutive Budget today, with a cut or tweak in income tax ...

JCIT (A) upheld the CPC’s action, stating that under section 115BAC, once the option for the new regime is exercised, it cannot be withdrawn for the current year, only for subsequent years. However, ...

The Tax Court found all requirements of Sec. 6702(a) were met regarding the taxpayer’s zero-wage and -income return.

FM Sitharaman's speech last Budget hinted at this new tax law when she said the goal was to simplify the income tax laws and cut the Income Tax Act, 1961's page-count by as much as 60 per cent.

Tax Cuts and Jobs Act was a major tax code overhaul that cut taxes for individuals and businesses. Many of its reforms expire in 2025.

Volunteers from AARP and the IRS Volunteer Income Tax Assistance Program are offering free tax form preparation and ...

It’s never on anyone’s to-do list to carefully look at all the statements they’re receiving. Most tax filers either hand ...

The Supreme Court newly empowered the judiciary in reviewing agency regulations. What difference will it make for the tax ...

First-time filers sometimes fall into the trap of believing that only full-time, permanent employees have to file and pay ...

This year's deadline is for the 2023-24 tax year, and HMRC warns that if you miss it, you could face an initial late filing ...