Here is a set of lesser-known Income Tax sections that are often overlooked by taxpayers. Exploring them before filing the ...

Starting July 1, tax on interest income will increase to 20%, a move the government claims is meant to “ promote equity and ...

When retiring early, married couples can use this little-known (and legitimate) strategy to take a six-figure income every year — tax-free.

Millions of U.S. workers who earn tips and overtime pay may be eligible for a federal tax break when they file their 2025 ...

The Capital Markets Efficiency Promotion Act imposes a 20% tax on the interest income on long-term investments, but interest incomes of short-term bank deposits have been taxed at this rate since 1998 ...

For Tax-Free Savings Account ( TFSA) investors, the current price offers a chance to lock in a high yield while waiting for ...

The daunting task of working out and paying inheritance tax must be done in the immediate and intense period of grief after a ...

Taxpayers must review Form 26AS, AIS, and TIS before filing income tax returns. The Annual Information Statement (AIS) offers a detailed view of earnings, taxes, and investments, allowing taxpayers to ...

The Department of Finance clarifies that the 20% tax under the Capital Markets Efficiency Promotion Act (CMEPA) applies only ...

Taxpayers are facing delays in getting their income tax refunds for AY 2025-26, mainly due to the late rollout of ITR forms ...

After excluding fleet and commercial vehicles and customers above the income cutoff, an estimated 3.5 million new vehicle ...

The Central Board of Direct Taxes (CBDT) has extended the last date to file income tax return from July 31, 2025, to September 15, 2025, for the financial year 2024-25. In the past, CBDT has asked the ...