The Central Board of Direct Taxes (CBDT) has released Notification No. 42/2025, dated May 1, 2025, announcing the updated Income Tax Return (ITR) Form 5 for the Assessment Year 2025-26.

The updated ITR-5 form segregates capital gains based on whether the transfer occurred before or after July 23, 2024, when ...

You’ll now need to specify the exact section under which TDS was deducted (like 194A for interest, 194C for contracts).

Liz Weston, Certified Financial Planner, is a personal finance columnist for NerdWallet. Questions may be sent to her at 3940 ...

Despite the clear legislative intent behind Section 87A, taxpayers have been receiving intimations under Section 143 (1) of ...

Section 50C was never meant to punish genuine people—only tax evaders. When a sale is driven by family compromise, distress, or business needs, and backed by honest evidence, courts have time and ...

Investing in the right stocks five years ago could have unlocked some incredible gains with juicy four-figure passive incomes ...

These states offer the best tax advantages for retirees still earning income. From no-tax havens to flat-rate states, find ...

After a long wait, the Central Board of Direct Taxes (CBDT) has finally notified the Income Tax Return Forms ITR-1 and ITR-4 ...

THE Finance Minister in South Africa has decided not to impose the 0.5% increase in VAT proposed for May 1, 2025. This comes after weeks of political tussle and debate between members of the ...

Some Democratic-led states, including Maryland and Washington, have moved to increase taxes on the wealthy this year. But ...

The CBDT has notified the new ITR Form-5 for the Assessment Year 2025-26, the Income Tax Department announced on X.