Article explains important Income Tax Return (ITR) filing due dates for Financial Year 2025-26 relevant to different categories of taxpayers, including salaried individuals, freelancers, businesses, ...

The new Income-Tax Act 2025 replaced the original Tax Deducted at Source forms — Form 15G and 15H — with a single Form 121, ...

A new Income-tax Act arrives on April 1, 2026. It brings fresh income tax forms and replaces many old ones. Taxpayers will ...

A court ruling found that the I.R.S. shouldn’t have charged penalties and interest during the pandemic. But the government ...

A fixed deposit of ₹25 lakh can offer a stable monthly income as many banks give up to 7.75% interest. However, before ...

The Income Tax Department offers special relief to certain senior and super senior citizens from filing Income Tax Returns ...

Senior citizens aged 75+ with only pension and interest income can now avoid filing ITR using Form No. 125 under the new ...

Bank fixed deposits and Post Office Time Deposits remain among the most preferred low-risk investment options for ...

The ITAT observed that interest awarded under Section 28 of the Land Acquisition Act differs from ordinary interest under Section 34 and forms part of enhanced compensation. Therefore, taxation ...

Michigan Association of CPAs heard from some clients who say the Michigan Treasury erroneously sent them income tax refund ...

A $1 million municipal bond portfolio yielding 5% generates $50,000 per year in interest income that the federal government cannot touch. For a married couple in the top tax bracket, that same $50,000 ...

A court has ruled that the comprehensive income tax imposed on investors who participated in a Ponzi-like multi-level ...