These bonds, named after Section 54EC of the Income Tax Act, 1961, offer a tax exemption on long-term capital gains if bought ...

As per new tax slabs, individuals with taxable income up to Rs 12 lakh get full tax rebate under the new regime. Your entire ...

If you regularly make donations to tax-exempt charities and non-profits, you should be aware of upcoming rule changes governing how much of your contributions will be deductible.

Key points for auditors on Clause 34 of the Tax Audit Report, covering TDS/TCS compliance, statement furnishing requirements, ...

Interest on home equity borrowing may be deductible if the proceeds are used to improve your home and the combined total of ...

Gujarat High Court held that in view of the retrospective amendment u/s. 112(1)(c)(iii) of the Income Tax Act the assessee is eligible to pay tax at lower rate @10% instead of 20% on sale of unlisted ...

The AI tools helped the Income Tax Department collect Rs 437 crore from virtual digital asset (VDA) income in FY 2022–23 ...

By Elle Caruso Fitzgerald Corporate dividends and MLP distributions are two forms of company payouts for investors seeking income.

The Tax Department has introduced a new code namely '16021' under ITR utilities for FY 2024-25 (AY 2025–26) for influencers ...

Are we getting a stimulus check or rebate from Trump this year? Status update on eligibility, inflation refunds, and how to ...

According to Kaushik, scrutiny notices are not sent out randomly or without reason. “Scrutiny Notices are not randomly sent ...

As state legislators remain complacent after corporate tax cuts, small business owners continue paying a stagnant 3.07% ...