This type of income tax notice is coming soon to these identified persons relating to AY 2019-20, 2020- 21 and 2021-22; Know ...

The regulatory environment for digital assets will have significant implications for state-level reporting requirements.

CNBC Select explains how individuals who didn't file a federal tax return in 2021 may still be eligible for the Recovery ...

The IRS says some Americans who have not filed their 2021 tax returns could be eligible for a pandemic-era relief payment, as ...

If you're a high-income earner, you may be subject to the Additional Medicare Tax, a 0.9% tax on earnings that exceed ...

For business and professional taxpayers, switching tax regimes is more restricted. Once they opt for the new tax regime, they cannot freely switch back and forth.

Before filing your ITR, it is important to decide whether the new or old tax regime is more beneficial for you. The old tax regime offers various exemptions and deductions, but is it the right choice ...

In its ruling, the ITAT Pune concluded that the provisions of Rule 128 (9) are directory, not mandatory, aligning with judicial precedents emphasizing the supremacy of DTAA provisions in cases of ...

The tax filer you choose should make this clear ... is one that requires inputting information from additional forms to report non-W-2 income, like from a side business or partnership; itemize ...

Karnataka High Court held that interest under section 201 of the Income Tax Act and late filing fee under section 234E leviable for non-deduction of TDS from sale consideration paid to Bengaluru ...

Bogus self-employment tax credit: The IRS warns consumers about a "non-existent Self-Employment Tax Credit“ that’s luring ...

Tax season is officially upon us, and Canadians can now file their 2024 personal tax returns online. Here’s what’s new for the 2024 return, and some things to keep in mind as you get ready to file.