While filing income tax returns, we need many documents. Many times it happens that while filing the return, we come to know ...

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

Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer, IRS annual filing season program participant, and tax writer. David is ...

But now, using satellite imagery, the income tax (I-T) department has found that these numbers don't add up. Agricultural income is exempt from income tax, making it a tempting loophole for those ...

Andy Phillips, Vice President of H&R Block’s Tax Institute ... like internet costs, office supplies, advertising, and business travel from your business income. And, for qualifying individuals ...

If your income falls into the taxable income bracket and yet you have not filed your Income Tax Return (ITR) in previous years, you might land yourself in trouble as the Income Tax Department has ...

crack down on complex tax avoidance and evasion by high-income taxpayers and large businesses,” the lawmakers wrote. The U.S. Department of the Treasury and the IRS did not respond to CNBC’s ...

Javascript must be enabled to use this site. Please enable Javascript in your browser and try again. Learn 5 tips to get your financial matters in order during our ...

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According to the state Governor’s Office of Planning and Budget, the Peach State had a budget surplus of about $11 billion last fall. Both bills — the income tax rate cut and surplus refunds ...

Tasos Katopodis / Getty Images Earnings not subject to income tax, whether federal or state, are referred to as exempt income. Exempt income is income that's not subject to income tax.