The updated Income Tax Return (ITR) process will make fraudulent tax deductions significantly harder to execute with demand ...

Flint Mayor Sheldon Neeley and State Treasurer Rachael Eubanks announced a transfer of the city's income tax collection work ...

50% or 40% of Basic Salary, depending on whether the city is metro or non-metro.

Enhanced disclosure requirements for taxpayers opting for the old tax regime. - Automation of deduction verification aims to ...

Employers are required to issue Form 16 to employees by 15 June. This important document contains the record of taxes ...

Himachal Pradesh High Court held that a notice under Section 148 of Income Tax 1961 for initiation of reassessment ...

In an income tax investigation it has been found out that more than 90,000 salaried individuals have falsely claimed tax deductions, costing India's tax exchequer over Rs 1,070 crore. But faking tax ...

President Anura Kumara Disanayake assured that not a single rupee of the tax money paid by the people will be misused or lost ...

Ahmedabad: Taxpayers, especially those under the old regime, will need to provide comprehensive information while claiming ...

The Income Tax Department’s latest updates to ITR-1 and ITR-4 for Assessment Year 2025–26 have sent a clear message—claiming ...

IRS officer Amit Kumar Singal and his associate Harsh Kotak were arrested by the CBI for allegedly accepting a ₹25 lakh bribe ...

ITAT Chandigarh held that addition by applying gross profit rate on alleged bogus purchases not justified since it was proved that alleged purchases were made at par and were not under-valued or ...