Millions may miss money tied to the IRS COVID Refund Deadline 2026 Claim, set for July 10, 2026. This is not routine tax news. It stems fro...

A one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...

Whether it is cash, gold, car, or even a property, if gifted to the bride or the groom on their wedding, no tax would be levied on the gift...

Missing the April 15 deadline in 2026 can cost you up to 25% in penalties alone. The 2026 tax penalties cost late filing starts at 5% per m...

Starting from the assessment year 2026-27, a new mandate will compel taxpayers utilizing the presumptive taxation system to reveal their ba...

Over 62 million refunds are already issued in the IRS tax refund season. The average payout is about $3,521. That is over 11% higher than l...

Many people misunderstand the IRS Fresh Start rules and think it wipes out tax debt. Experts warn this is not true. It is not a special pro...

The IRS Fresh Start program helps taxpayers manage tax debt but does not erase everything. It makes it easier to apply for payment plans, s...

Finance Minister Nirmala Sitharaman unveiled a new scheme for small taxpayers. This initiative will allow them to get lower or nil tax dedu...

Budget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new thresholds will aid ...

Budget 2025 proposes increasing threshold limits for tax deducted at source (TDS) across various income categories, benefiting small taxpay...

This is expected to benefit up to a crore taxpayers who are still disputing such older tax demands. This comes at a time when taxpayers hav...

The marginal tax relief is available to individual taxpayers whose taxable income exceeds Rs 50 lakh. The Budget 2023 has made amendment un...

The late fee for non-furnishing of GSTR-3B for July 2017 to April 2021 has been capped at Rs 500 per return for those taxpayers who did not...

States including Odisha, Gujarat, Punjab, Chhattisgarh, Kerala and West Bengal sought full GST waiver for Covid vaccines, drugs and related...

Given the new number of GDP coming out, the fiscal roadmap may not change very much. We have maintained fiscal prudence.

Low-income taxpayers earning up to Rs 5 lakh a year to get an additional rebate of Rs 3,000.