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 ...

The simplification of ITR forms has been a welcome change for NRIs. However, e-verification of ITR form to successfully ...

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

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

The individual has never filed an ITR due to nil tax liability but now needs to for a home loan. They plan to file online, have doubts about income reporting and deductions, and must file ITR for only ...

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

Brad Smith sits down with leading experts to discuss the top issues affecting your personal finances. ITR Economics economist Lauren Saidel-Baker tells Yahoo Finance that the economic slowdown is ...

Holland & Knight, Nelson Mullins and McCarter & English made the joint-most tax partner hires in the US last year, according to annual ITR Talent Tracker data ...

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

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

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