The Income Tax Department has recently introduced an enhanced version of the Excel-based utility for Filing ITR-2, designed ...

By donating to eligible institutions and organisations, taxpayers can claim deductions ranging from 50% to 100% of the amount ...

There is a grace period of 15 days for submission via e-filing, which effectively means that the final deadline for Form BE ...

Once filed, Form 7004 is automatically approved unless the IRS contacts the filer to deny the extension. However, businesses ...

Filing ITR is not only a legal responsibility but also important for taxpayers' financial health. It keeps a record of one's ...

If you're receiving payments on platforms like Venmo or PayPal, you'll likely get 1099-Ks at tax time. What are they and what ...

If your monthly rent exceeds ₹50,000 and you’ve claimed HRA without deducting Tax Deducted at Source (TDS), the Income Tax Department’s automated system may flag your return.

If newly retired American's aren't careful, tax time could be a nightmare that ends in a big tax bill. What to know to avoid ...

The bill reduces the number of chapters from 52 to 23 and pages from 823 to 622, eliminating redundant and obsolete provisions. This structural simplification makes the tax code more accessible and ...

Filing Income Tax Returns on time ensures compliance with tax laws and helps you claim deductions. Understanding the process ...

April 15 is the drop-dead date for filing a 2021 federal income tax return, if you haven't done so. The IRS says many are owed $781 or even more.

Marni Rose McFall is a Newsweek reporter based in London, U.K. Her focus is on internet trends, U.S. politics and popular culture. She has covered fashion, culture, art and music extensively.