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

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

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 ...

The circular instructs sub-registrars to withhold registration documents until SSFT details are collected, with accountability measures for any procedural oversights. "We have already been ...

The Central Board of Direct Taxes (CBDT) has notified the new Income Tax Updated Return form, known as ITR-U. The form comes with changes introduced in Budget 2025 and is effective from April 1, 2025.

In a decision bringing clarity to Section 54F deductions under the Income Tax Act, the Delhi High Court has clarified that owning multiple floors in the same building is not equivalent to owning ...

Appearing for the income tax department, the counsel opposed the petition, submitting key facts that necessitated the transfer. It was informed to the court that a search operation had been conducted ...

taxpayers can expect several important changes introduced by the Income Tax Department. These updates aim to simplify the filing process and adjust compliance requirements for various categories ...

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 ...