The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

Under the income tax law, a tenant who is living in a property and paying a rent of Rs 50,000 for it, he must deduct TDS of 2 ...

Top households are grabbing a larger share of the nation's wealth, a trend experts say could accelerate due to tax cuts and ...

The Enforcement Directorate recently raided L2 Empuraan producer Gokulam Gopalan. The IT Department has now issued a notice ...

The Income Tax Department has issued an important notification, requiring PAN card holders who obtained their PAN using an ...

The bank stated that a demand notice under Section 156 of the Income Tax Act, including Rs 243.02 crore in interest, was ...

Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...

The elderly daily wage worker named Saira lives in a slum area with her husband, who is also a daily wage worker. She has ...

The New York State Department of Taxation & Finance offers online resources and free filing options. The most efficient way ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) obligations on rent payments. Non-compliance leads to penalties and interest.

The new Income Tax Bill 2025 only simplifies, consolidates, updates and sheds what’s redundant in the existing tax law to ensure continuity with efficiency. It does not introduce new policy or taxes.