If an individual has deposited over Rs 50 lakh in a savings account or Rs 1 crore in a current account in a financial year, ...

No one is calling for a return of the country club dues tax deduction, but even conservatives say that’s more defensible than ...

Taxpayers living and working abroad have until Monday, June 16 to file their 2024 federal income tax return and pay any taxes ...

The Gazette explores which issues went unresolved by state lawmakers this year that they likely will face again next year.

Weakened courts, happy heirs, and work requirements. The House-passed version of Donald Trump's tax plan takes from poor, ...

Pardon us; no relief in sight; down on the farm; and other highlights of recent tax cases.

Still haven't filed your 2024 taxes? Here are the key questions to ask a tax pro before you make any other moves.

If there is an issue with the return, taxpayers are notified to contact DRT directly to resolve it. DRT continues to receive and process 2024 income tax returns, and taxpayers have up until April ...

you will have to pay penalty and interest, and you will not get the benefit of some tax benefits like loss carry forward. Also read: ITR Filing 2025: How NRIs can file income tax return – tax ...

taxpayers with annual income upto ₹12 lakh are not made to pay any income tax. The new rates will kick in from April 1, 2025. But taxpayers are filing their tax return for the income accrued in ...

ITR Filing: To make payment of tax hassle-free, the Income Tax Department has introduced the ‘e-Pay Tax’ feature on its official online portal. According to the tax department, this will ...

If your return is more than 60 days late, the minimum penalty is $435 or the balance of your taxes due, if less than that. The failure-to-pay penalty will also cost you money but not nearly as ...