Partnership firms face a new reality as they are now required to calculate TDS on payments to partners exceeding ₹20,000.

A nine-month long investigation into the alleged irregularities in the income-tax department that led to the arrest of five income-tax officers and a chartered accountant for misusing their powers ...

We're told that "Liberation Day" tariffs on imports from around the world will raise $6 trillion in federal revenue over the ...

The Indian government, through the Ministry of Finance, has undertaken substantial reforms to its tax assessment and recovery system. Contrary to the specific query regarding a potential 5% GST on ...

Between the financial years 2021-22 and 2023-24, corporate tax concessions had a significant revenue impact. For instance, deductions for SEZ units under Section 10AA resulted in tax savings of ...

Preparing taxes on your own can be complicated, especially with ever-changing tax laws. Getting help from an expert can make filing your return on time easier and ensure you're maximizing your ...

The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

While the regular tax filing deadline is April 15, those living and working outside the U.S. receive a two-month extension and can file by June 16.

Taxpayers are required to choose an ITR form and file their returns based on their total income, nature of income, and the ...

L.A.'s housing authority last year purchased a 335-unit luxury apartment building in Woodland Hills and is turning it into ...

A division bench of Justices M S Sonak and Jitendra Jain remarked that the facility to seek urgent hearing cannot be invoked ...

The I-T department had allowed a 15-day window in January for taxpayers who were denied a tax rebate on STCG in July 2024 to ...