If my mother gives her personal residence to me, my understanding is that I also get her adjusted cost basis.” ...

In a relief for taxpayers, the Income Tax Department has extended the deadline for filing Income Tax Returns (ITRs) for the ...

The Central Board of Direct Taxes has extended the due date for filing the income tax returns to Sept. 15, 2025. Earlier, the ...

The House narrowly passed its massive GOP tax and spending cuts package on Thursday, sending President Donald Trump’s “one big, beautiful bill” over to the Senate, where it ...

The House-passed bill includes a large tax cut, as well as more money for defense and immigration enforcement, financed in ...

House Republicans advanced a multi-trillion-dollar tax and spending package that could have sweeping impacts on household ...

Next steps on the bill are highly uncertain, and the upbeat tone from House leadership stood at odds with the unwieldy scene ...

Makes tax cuts from the 2017 Tax Cuts and Jobs Act permanent that fiscal hawks complain adds trillions of dollars to the ...

House Republicans are pushing to vote on their multi-trillion-dollar tax breaks package as soon as Wednesday, grinding out ...

The final vote to pass the “One Big Beautiful Bill Act” has been scheduled to take place sometime between 5 and 6 a.m.