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 ...

A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It gives a chance to taxpayers to declare income, allow deductions, and pay taxes even if the due date ...

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 ...

After years of uncertainty and changing requirements, the 1099-K reporting rules for 2025 are now set, and the thresholds ...

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 ...

Taxpayers face a learning curve for figuring out how key tax deductions in the mega tax bill will work when they file 2025 tax returns next year.

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 ...

The IRS has unveiled a draft of the new Schedule 1-A form, set to simplify claiming deductions for tips, overtime, auto loan interest, and senior benefits. As part of the OBBBA, this form aims to ease ...