The Income Tax Department has identified 63,000 restaurants for potential income under-reporting. A nationwide survey revealed suppression of sales amounting to Rs 408 crore. Restaurants are urged to ...

The department began investigating the Food and Beverage sector in November 2025 after identifying suspicious tax patterns.

The Income Tax Department has detected suppression of sales worth around Rs 408 crore by restaurants following a nationwide verification exercise conducted acro ...

The report, quoting the CBDT chairman, said that in July 2025 the department carried out verifications into bogus deduction ...

The 2025 income tax return filing deadline is Wednesday, April 15, 2026. Payments and completed municipal income tax returns can be placed in the secure, drive-up drop box in the east curbed island of ...

The House approved two bills that cut state income taxes Tuesday, just after passing a $15.4 billion spending plan that didn’t factor in the revenue losses. The votes sent one bill, which ...

The new legislation reorganizes provisions related to return processing, scrutiny assessments, and reassessment of escaped income. It simplifies drafting while largely retaining the existing ...

This new tax credit is meaningful relief that translates into groceries on the table, gas in the car, and more money to cover rising bills.

A new tax break on overtime pay will save money for many workers. But the savings are less than you'd expect based on what doesn't qualify.

Even if your teen is considered a dependent, they will still need to file state and federal income tax returns this year, if ...

Oregon is among several states that may experience delayed returns this 2025-26 tax season.

With the halfway point of income tax season approaching, Coloradans are getting anxious to get their refunds. Here’s how to ...