Two-year tax task force releases property, income and business recommendations
Democrats assailed the recommendations as not providing enough relief to Hoosier taxpayers, and for giving "handouts" to ...
Income tax department advises taxpayers to carefully review their foreign income, assets in ITR
CBDT advised all taxpayers to carefully review their foreign income and assets and report them accurately in their Income Tax Returns (ITRs).
Difference between advance tax and self-assessment tax
Let's understand the difference between advance tax and self-assessment tax and how they are calculated. If you are confused ...
Income Tax Department reduces time allowed to apply for old income tax refunds; check the new time limit
The Central Board of Direct Taxes recently issued a circular for condonation of delay in filing ITR. ​The latest circular has ...
What taxpayers need to know about foreign income schedules of ITR
If you missed disclosing foreign income or assets in your income tax return (ITR), you can revise it by December 31.
Income tax department warns: ‘Declare foreign assets or pay ₹10 lakh penalty’
The I-T dept launched a compliance campaign urging taxpayers to report foreign assets in their AY25 returns, noting that ...
Island1d
The Need to submit an electronic tax return and its challenges
By Sanjeewa Jayaweera The Inland Revenue Department (IRD) has decided that compliant taxpayers who submit their Return of ...
Tax Breaks: Let’s Talk Tax At Thanksgiving Edition
Our Forbes investment guide, zero percent rates, RMD rules, tax breaks for live organ donation, filing deadlines, and more.
Tax Guru4d
How salaried people should comply with income tax notices
Salaried individuals can minimize the risk of receiving income tax notices by maintaining proper and correct records, filing returns on time i.e. before 31 st July, and reconciling financial data with ...
The Repository on MSN4d
Taxes: Alliance to quit mailing income tax returns
The City of Alliance Income Tax Department will no longer be mailing personal or business income tax returns or quarterly ...
The Daily Reveille1d
State Legislature passes new tax package with bipartisan support, ends tax special session
The State Legislature has passed a new tax package with overwhelming bipartisan support, including a flat income tax, lowered ...
Tax Guru4d
Court permitted income tax department to withdraw 20% of total tax demand from attached bank account
Kerala High Court permitted income tax department to withdraw 20% of the total tax demand as a condition for stay. Court also directed to lift the attachment over the bank accounts on receipt of the ...