A Chennai resident successfully reclaimed his Section 54 tax exemption after a three-year construction delay on his new home, initially den...

Miscounted days in India, missed NRO interest and TDS mismatches can invite notices from a data-savvy tax department.

Charitable trusts and institutions that missed the 80G registration renewal deadline have received a one-time reprieve from the CBDT. The t...

Manoranjan Pandey, who lost his life in the tragic accident in 2018, was the sole breadwinner of his family, according to the 2019 appeal f...

ITR filing: Filing your Income Tax Return (ITR) offers significant advantages beyond just tax payment. It's crucial for claiming refunds, c...

Leader of Opposition Pinarayi Vijayan accused the UDF government of hastily passing the Finance Bill to benefit liquor companies through ta...

Parents can open a Public Provident Fund (PPF) account for their minor children to secure their future, benefiting from compounding over th...

Ravi Agrawal, Chairman of the Central Board of Direct Taxes (CBDT), has received a six-month tenure extension, keeping him in the role unti...

As Section 143(2) scrutiny notices for AY 2025-26 reach taxpayers during the ITR filing season for AY 2026-27, this article explains why ta...

Indians working abroad can now potentially avoid paying tax on selling Indian shares. The key is to have purchased these shares using conve...

Returning Indians face new tax filing complexities. Foreign retirement accounts now necessitate the more detailed ITR-2, moving away from t...

As America marks its 250th anniversary, President Trump's actions have drawn comparisons to monarchy, with critics pointing to his use of p...

ITAT Mumbai found that full TDS credit has not been granted since assessee’s employer has deducted TDS but has not remitted the same to the...

Homeowners can now potentially claim tax deductions on interest paid for both their original home loan and a subsequent loan taken to repay...

US unemployment claims saw a sharper-than-expected drop last week, signaling continued labor market strength. Despite this positive sign, a...

The Income Tax Department has flagged 15,000-20,000 cases of individuals using a 'swapped provisions' trick to unfairly reduce their tax li...

The "Nature of Employment" field in the ITR is more than a routine disclosure. An incorrect selection can affect certain tax benefits, incl...