The government is expected to introduce the Income Tax Bill 2025 on February 13, aiming to simplify tax laws and enhance compliance.

The Income Tax Act 2025 will replace the current Income Tax Act 1961. As the current income tax laws will change, many ...

When the Income Tax Act of 1961 came into being it had 880 pages. Over the years, the act contained several amendments introduced in the various budgets.

Capital losses from stocks, bonds, real estate, or mutual funds can help you reduce your tax liability. Here’s how the ...

Delhi High Court held that suo moto disallowance with bona fide yet mistaken belief that amount is liable to be offered for taxation, such mistake can be rectified via revision application under ...

The deadline for filing income tax is a critical factor in tax compliance for all taxpayers. Presently, there are varying ...

Since Nevada does not impose a personal income tax, many individuals relocate to the state to benefit from its tax-friendly ...

The Bill, which is likely to be introduced in Parliament on Thursday, has now defined a new concept of ‘tax year’ as the ...

Tax season is underway. If you filed immediately, there’s a good chance your federal tax refund will hit your bank account ...

Pay attention to your tax bracket: Having multiple jobs could push you into a different tax bracket. But remember: When your income jumps to a higher tax bracket, you don’t pay the higher rate on your ...

Discover when to expect your IRS tax refund in 2024 and learn about new tools to track it. Get information on electronic filing, Direct File, and potential impacts.