Taxpayers have a crucial opportunity to reduce their tax burden by filing their updated Income Tax Return (ITR-U) before ...

As the financial year 2024-25 comes to a close, many taxpayers may wonder whether they can file their Income Tax Returns (ITR ...

The Income Tax Return submission for assessment year 2025-26 will open on April 1 2025. Earnings-based employees ...

Employees can claim Leave Travel Allowance (LTA) exemption while filing their Income Tax Return (ITR), even if their employer ... International trips are not eligible for exemption. The Income Tax ...

The Income Tax Department is grappling with an alarming backlog of direct tax arrears, with a staggering Rs 29 lakh crore deemed practically unrecoverable, according to official submissions to the ...

Old Tax Regime Vs. New – Which Saves You More? Your ability to switch between the two depends on your source of income. While ...

President Trump signed an executive action yesterday to begin dismantling the U.S. Department of Education ... including for low-income and rural schools, would be preserved.

President Trump signed an executive action yesterday to start shutting down the Education Department, which could hurt low-income and rural... Education Dept. cuts could hurt low-income schools.

But while Republicans can pretend the costs are free, the Treasury Department will have to finance these expensive tax cuts. That means incurring new debt. On Friday, the Congressional Budget ...