A small, government office with some 275 employees has found itself caught in the political crossfire as Congress debates ...

The Income Tax Department this time has tightened its annual tax filing process after an investigation exposed over 90,000 ...

In this episode of Tax Notes Talk, Tax Notes Capitol Hill reporters Cady Stanton and Katie Lobosco discuss the final version of the House’s reconciliation bill and what’s next as the legislation heads ...

The accounting rules that you follow when reporting financial results are often different from the rules you follow when preparing income taxes for your business. As a result, the amount of tax ...

A significant income tax change will come into force from April 6, 2026, HM Revenue and Customs (HMRC) has confirmed. From that date, sole traders and landlords earning more than £50,000 will be ...

Protean eGov Technologies' shares have plummeted over 30% in two days after the Income Tax Department rejected their bid for the PAN 2.0 systems upgrade project. This decline erases the stock's ...

The Income Tax Department has extended the deadline for filing revised and belated ITR for AY 2024-25 to January 15, 2025. This move, announced by CBDT, aims to help taxpayers address AIS and ITR ...

When we think of tax, the first one that comes to mind is probably the chunk that evaporates from our pay cheques. Taxpayers have been handing over a slice of their income to the state since 1799 ...

The Income Tax Department has now released all seven income tax return (ITR) forms for the assessment year 2025–26. So, if you're wondering whether you need to file your ITR by July 31, here’s a ...

This mismatch may trigger a notice from the tax department. If the taxpayer files ITR with income and TDS details for the full year but the TDS or income details aren’t yet updated in the AIS ...

For income earned during FY 2024-25, the Income Tax Department has issued the ITR Form (ITR-1 to ITR-4) updated to file returns in AY 2025-26. The purpose of these changes is to simplify tax ...

One tax break that isn't in the bill: Mr. Trump's suggestion last year that seniors shouldn't have to pay income taxes on Social Security benefits. "Seniors should not pay taxes on Social Security ...