Tax Department alerts flag ITR deduction mismatches, mainly for salaried staff and large donations, causing confusion and ...

If you were unhappy with last year's income tax bill, there are several ways to reduce your overall 2022 tax burden before ...

Income tax refund delays beyond December 31 are not uncommon, as there is no penal consequence for the department during this ...

While filing ITR initially, taxpayers can often overlook certain things or make mistakes. However, the mistakes in the ITR ...

Parliament has passed the new Income Tax Bill, 2025, replacing the 1961 Act. Taking effect April 1, 2026, it keeps rates unchanged but streamlines laws, cutting sections, halving chapters, reducing ...

This explains why FD reporting to tax authorities and TDS on interest follow different thresholds. The key takeaway is understanding bank-wise limits prevents confusion and unnecessary ...

Understand the meaning of a 143(2) notice, why your return may be selected for scrutiny, and the steps required for a faceless assessment. Learn how proper documentation and timely response reduce ...

The article highlights tax benefits for various loans, focusing on home loans, education loans, vehicle loans, and personal ...

The new Chancellor Jeremy Hunt has confirmed he will scrap plans to cut 1p from the basic rate of Income Tax. The ex-Health Secretary this morning announced another U-turn on the disastrous ...

Sports-lover turned journalist, born and bred in Scotland, with a passion for football (soccer). He’s also a keen follower of NFL, NBA, golf and tennis, among others, and always has an eye on the ...

Learn how the IRS updated 2026 tax brackets and thresholds, what's new compared with 2025, and smart ways to plan your taxes ...

Taxpayers often look for ways to legally save tax after selling a residential property, especially when long-term capital ...