US gross domestic product (GDP) growth for 2024 came in at 2.3%, below economist expectations of 2.6%. "We know that our ...

One expert argues the ERS would be unlikely to improve taxpayers’ experience unless it comes with additional funding to hire more agents and staff ...

In addition to tax cuts, there is a desire for simplification of the tax filing process. Taxpayers have been requesting ...

Section 80GGC allows taxpayers to claim deductions for contributions made to eligible political parties and electoral trusts. This deduction aims to encourage political funding.

In the matter abovementioned ITAT partly allowed the appeal by estimation of 10% of total cash deposit towards possible revenue leakage.

Himachal High Court held that as per section 43-B of the Income Tax Act deduction towards contribution to leave encashment ...

The simplified ITR-1 form is currently available for residents. Extending it to NRIs with limited income sources would make ...

Anyone earning Rs 2.5 lakh or more in India must file an ITR. This rule applies to everyone, not just high-income earners.

Changes were made in the July Budget to reduce the complexity of the capital gains tax calculations and give some income tax ...

Unlike donations to charitable trusts, there is no form or reporting mechanism under the Income Tax Act, 1961 for donations ...

While jobs and inflation top consumer concerns in 2025, business leaders are scrutinizing what tariffs may mean for textiles ...

Raipur: The recent encounter between the security forces and Maoists in a forest in Gariaband district in Chhattisgarh has ...