Investors are reacting to a clause buried in “One Big Beautiful Bill Act” that threatens to curtail inbound foreign ...

ITAT Mumbai held that since donations collected were parked in savings bank account of assessee and funds were used for personal purpose hence donation collected are taxable u/s. 56 (2) (x) of the ...

The Income Tax Department has enabled online filing for ITR-1 and ITR-4 forms for AY 2025-26. Experts decode eligibility, benefits of early filing, and major updates. Plus, a crucial checklist of five ...

Income Tax Bill introduces a new clause that allows capital gains to be calculated in foreign currency, accounting for forex ...

The Income Tax Return (ITR) filing for the financial year 2024-25 (Assessment Year 2025-26) has officially begun. The Income ...

Income Tax Return Forms of ITR-1 and ITR-4 are now enabled to file through Online mode with prefilled data for Assessment ...

This update comes shortly after the release of excel utilities for the same forms last week. The department aims to simplify ...

However, the exemption of personal income tax on foreign-sourced income will apply for only two years: the year in which the ...

Republic Act No. 12214 (also known as the Capital Markets Efficiency Promotion Act, or CMEPA, signed on May 30, 2025), cuts ...

The IRS has announced a crucial deadline for U.S. citizens and resident aliens living abroad. These taxpayers must file their 2024 federal income tax returns and settle any outstanding taxes by June ...