As the deadline for filing Income Tax Returns (ITR) for Assessment Year 2025–26 approaches on September 15, a significant number of taxpayers have already filed returns. According to the Income Tax ...
With only a day left to file income tax returns, many taxpayers are rushing to submit their ITR at the last minute before the deadline. Some may still have important questions about the process, the ...
The Income Tax Department (I-T) on its official website has enabled the ITR-5 and ITR-7 forms for online filing. Both forms are available with prefilled data, the I-T Department has informed on its ...
The income tax return (ITR) filing has started for the financial year 2024-25 (assessment year 2025-26). The income tax department has notified all seven income tax return forms for the assessment ...
The 2025 income limit for the tax credit for lower-income workers who save for retirement will increase slightly to $39,500 ...
Since April 2020, Indian taxpayers have two options: the old regime with higher tax slabs but exemptions and deductions like HRA, LTA, and Section 80C, and the new regime with lower rates but no major ...
The AICPA recommended in a letter that the IRS improve several tax forms used by estates and trusts, in keeping with an executive order mandating that federal tax payments and refunds be processed ...
With just a day left to file Income Tax Returns (ITRs) for Assessment Year (AY) 2025-26, the Income Tax Department has announced that over 6 crore returns have been submitted so far. On the social ...
U.S. President Donald Trump is set to sign a proclamation Friday that would make H-1B visas contingent on a $100K payment, according to a media report. The move will mark Trump's latest move to crack ...
Cash gifts and income are subject to IRS reporting rules. Gifts of up to $19,000 in cash are exempt from reporting in 2025. Those who have household employees must report cash payments that exceed ...
The Income Tax Department has enabled online filing of ITR-5 and ITR-7 forms for the Assessment Year (AY) 2025-26 on its e-filing portal. Taxpayers who are required to submit these forms can now ...