A Pune man successfully challenged the Income Tax Department, securing a full tax exemption on his Rs 3.21 crore land sale.

Budget 2026 proposes allowing taxpayers to file an updated return even after receiving a reassessment notice under Section 148. While this creates a compliance window to settle disputes, it also ...

Provisions in the "One, Big, Beautiful Bill" allow qualified taxpayers to deduct thousands from their 2025 tax returns.

IRS paper tax return rules: Taxpayers can still mail their tax returns to the IRS. The process involves downloading or ...

The IRS raised the senior tax deduction for 2025. Here’s who qualifies, how much you can claim, and what retirees should know ...

A for tax year 2025 tied to the “One, Big, Beautiful Bill,” offering deductions for tips, overtime pay, car loan inte ...

A new tax deduction for many adults 65 and older has plenty of rules and requires new paperwork. What you need to know when ...

The Court held that rejection of condonation for a 50-day delay in filing Form 10B was improper when genuine hardship was demonstrated. It directed authorities to treat the audit report as filed ...

Discover tax-saving strategies by deducting startup business expenses. Learn the rules to reduce your taxable income ...

Recently, the Lagos State Internal Revenue Service (LIRS) directed all individual taxpayers in the state to file their annual ...

The Schedule 1-A does not differ from the draft version issued last year, but instructions for Form 1040 provide details and ...

The Working Families Tax Cuts allows parents, guardians and other authorized individuals to establish a new type of ...