The much-awaited Income-tax Bill, 2025 (Bill) which is proposed to be effective from April 1, 2026, has been laid before the ...

The number of income tax return (ITR) filings in India has increased over the past five years, with state-wise and year-wise data highlighting the trend. A significant portion of these filings result ...

Keeping track of your Tax Deducted at Source (TDS) has never been easier. If you want to check your TDS status online, this ...

In fact, in the last five years, the number of nil returns has increased each year. As per the data, the number of nil ...

To include more taxpayers within the income tax framework, the scope of Tax Deducted at Source (TDS) and Tax Collected at ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

Conclusion: Addition against unexplained cash deposit of ₹49.50 lakh was remanded back to AO for verification if the deposits were from business activities, the addition under Section 69A could not ...

Did you ever face the situation where the bank or employer or others deducted the correct amount of TDS but somehow it failed ...

T Department's SMS to salaried taxpayers is meant to provide clarity on TDS deductions. However, some individuals may have misinterpreted the message and are wondering if they owe additional taxes.

For senior citizens investing in fixed deposits, the threshold for TDS on interest income exceeding Rs 50,000 was raised to ...

Section 87A tax rebate: Tax Rebate under Section 87A is given to reduce your taxable income to nil. It is a better option to give tax relief through the tax rebate than changing the tax slabs. This is ...

W-2 forms should have arrived in mailboxes and inboxes by Jan. 31. Here's why you need that form for the 2025 tax season and what to do if you haven't gotten yours yet. Macy Meyer is a North ...