To ease the burden on affected taxpayers, the law provides for interest on delayed refunds through Section 244A of the Income ...

The appeals concern assessment years 2015–16 to 2017–18 and arise from reassessment orders issued under Sections 147 and 144B ...

A 31-year-old cruise-liner guard from Navi Mumbai received a Rs 2.2 crore income-tax notice after fraudsters allegedly ...

This tax FAQ addresses key investor queries, confirming that both co-borrowers on a joint education loan can claim Section ...

Takeaways For tax years 2025 -2028, the One Big Beautiful Bill Act (OBBBA) allows employees to take an above-the-line tax deduction on qualified overtime pay and qualified tips.

Beginning 28 November 2025, CBDT will issue SMS and email alerts to these taxpayers, advising them to review, revise, and correct their returns by 31 December 2025.

Court emphasizes procedural compliance in PAN usage, quashing notice and order issued under surrendered PAN and ensuring proper reassessment ...

CBDT Chairman Ravi Agrawal has explained that the income tax department is currently reviewing cases where deduction claims ...

The IRS and the Treasury are asking for comments on regulations they plan to propose for a new tax credit for donating to ...

Chancellor Rachel Reeves raised taxes on mansions, cut business rates for retail, hospitality and leisure, and lifted ...

The credit will apply to donations made to scholarship-granting organizations that support elementary and secondary students.

The Massachusetts Department of Family and Medical Leave (the “Department”) recently announced two important updates ...