Selling gold can trigger tax obligations. Here's how the IRS tracks those transactions and what you need to report.

In December, the Income-tax Department sent SMS and email alerts flagging mismatches in reported income and non-disclosure of ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who qualifies, and income limits.

New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

Even if you’re below the income threshold for 2025, tax credits and excess withholding could result in a tax refund, making filing a tax return worth your time.

However, from April 1, 2026, transactional forms such as tax deducted at source statements, remittances, Form 60, and Form 15G/15H would operate under the new simplified framework.

The ITA 2025 broadly retains current TDS rates, advance tax instalments, and audit thresholds, but consultants with multiple income streams may not qualify for presumptive taxation.

From April 1, 2026, familiar forms such as Form 26AS, Form 16, and Form 13 will be replaced with new numbers under the Income-tax Act, 2025 ...

Tax season is underway and you have until April 15 to file your return with the IRS. For many, especially first-time filers, ...

Tax season is underway and you have until April 15 to file your return with the IRS. If you want to avoid the stress of the ...

The draft document for the updated Income Tax rules 2025, set to come into effect from 1 April this year state changed numbers for Form 16 (TDS on salary) and Form 26AS (AIS) among others. Here's all ...

Senior citizens in India who have zero tax liability have received a major compliance relief. A recent procedural ...