In December, the Income-tax Department sent SMS and email alerts flagging mismatches in reported income and non-disclosure of ...

India's income tax system is about to enter a new era. The government is preparing to implement the Income Tax Act, 2025, ...

The Tribunal held that non-filing of Form 10CCB along with return is a curable defect. A genuine start-up cannot be denied deduction under Section 80-IAC merely on procedural ...

The draft Income-tax Rules, 2026, propose several income-tax forms that were earlier prescribed under the Income-tax Rules, 1962. The CBDT is expected to notify the draft income tax rules by the first ...

The Income Tax Act, 2025, introduces new Form 128 for applications requesting nil or lower Tax Deducted at Source (TDS) on ...

The Tribunal confirmed demand under Section 73(2), citing the Managing Director’s admission and failure to register for manpower services. Cum-tax valuation was allowed for recalculation of ...

Early IRS data shows fewer tax returns processed and few refunds issued through Feb. 6, but the average refund amount is up.

No interest is payable if the refund amount is less than 10 percent of the tax determined under section 143(1) or pursuant to regular assessment ...

Any taxpayer or family who earned $89,000 or less in 2025 may use a free filing option for a tax return using the IRS website. In New York, taxpayers who earned $89,000 or less can file online for ...

New IRS Schedule 1-A for 2025 introduces 4 new deductions for tips, overtime, car loan interest and seniors. These changes could lower your tax bill.

TurboTax, H&R Block, TaxSlayer, and TaxAct — comparing features, pricing and ease of use to help you find the best filing program for your needs.