From April 1, 2025, there is zero tax payable on the taxable income up to Rs 12 lakh. This will happen if an individual opts ...

Today marks the beginning of the new financial year 2025-26. With the new year, a lot of changes are effective. This includes ...

Strategies can include accelerating income recognition or deferring deductions, certain tax elections, and optimal use of AMT ...

This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2024.

ITAT Chennai held that exemption under section 11 of the Income Tax Act is allowable inspite of certain errors while filing form 10B since the claim is supported by audited financials, revised audit ...

From April 1, 2025, individuals with a tax income of Rs 12 lakh or less in the new taxation regime will not have to pay any tax.

Typically, if your income is less than the standard deduction for your filing status, filing a return isn’t required.

Did you know that you can use your Public Provident Fund (PPF) investment to generate regular income for you? Popularly known ...

The Income Tax Appellate Tribunal (ITAT) Mumbai found the reassessment invalid, emphasizing that Section 147 requires a ...

Know how much gratuity you’ll get with a Rs 60,000 salary after 7 years 11 months of service. Learn eligibility, calculation ...

A little confusion over something that's seemingly simple can end up taking a costly toll when not handled properly.

If you file Income Tax Return (ITR) every year, then you will need to be more cautious than before while filing it next time.