The Income Tax Department has now made it possible to file updated returns (ITR-U) for Assessment Years (AY) 2021-22 and 2022-23 using the ITR-1 and ITR-2 forms. This move aims to help people fix any ...

Excel Utilities for filing updated returns in ITR-1 and ITR-2 for the AYs 2021-22 and 2022-23 as per Finance Act, 2025 is ...

Budget 2024 had decided to rejig the new regime's income tax slabs and capital gains tax structure. All these changes will have to be factored in now while filing tax returns for FY2024-25.

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 ...

Tax-Free Countries: Where Your Income Remains Entirely Yours Some countries across the Gulf, Europe, and Asia allow residents to keep 100% of their earnings as they impose no income tax.

ITR filing FY 2024-25: The Income Tax Department has released excel utilities for ITR-2 and ITR-3, enabling taxpayers with capital gains and crypto income to file returns for AY 2025-26 by ...

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 ...

After a unanimous vote by the Westerville City School Board of Education, a 0.75% earned income tax levy will be added to the November ballot.

A parliamentary panel has recommended allowing taxpayers to claim TDS refunds even after missing the ITR deadline, without facing penalties. The move is part of over 500 suggested changes to the ...

With less than a year to go, sole traders and landlords earning over £50,000 will be required to use the new Making Tax Digital (MTD) for Income Tax from April 6, 2026. This significant change ...

From tax-saving investments to claiming the right deductions, here’s how to maximise your refund this year.

Several provisions of Trump's bill are poised to be retroactive to 2025 or take effect in 2026, and they may shift how Americans approach tax planning.