The Income Tax Department is expected to release updated Income Tax Return (ITR) forms for the financial year 2025–26 in the coming weeks. This move comes ahead of the implementation of the new Income ...

Free products, sponsored trips, and non-cash perks are now taxable under Section 194R if their value exceeds ₹20,000 annually. Brands must deduct 10% TDS, and creators must report the income in their ...

Tribunal upheld deletion of unsecured loan addition after finding identity, creditworthiness, and genuineness established through PAN, ITRs, bank statements, and TDS ...

A Pune taxpayer faces a hefty Rs 9.44 lakh penalty for misreporting Rs 10.65 lakh in deductions, including fake claims for ...

Health insurance in India enables NRIs to cover family members and claim tax deductions on Indian income. It offers affordable premiums, local claims convenience, and financial security alongside medi ...

Telangana: Jayesh Ranjan takes charge as special officer for three Municipal Corporations ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2026-27, announcing a Rs 12.2 lakh crore capex target and a fiscal deficit of 4.3%. Key highlights include no changes to income tax slabs ...

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

The Pennsylvania Department of Revenue (DOR) has launched a free pilot program offering eligible Pennsylvanians a simplified way to file their state personal income tax return (PA-40) this ...

You need your adjusted gross income from last year's taxes to file your federal income tax return online in 2026.

The Draft Income Tax Rules, 2026, propose to remove the requirement of filing a separate form to claim concessional tax rates ...