ITAT Delhi held that addition under section 69A of the Income Tax Act towards cash deposited during demonetization cannot be sustained as source of cash deposited is cash sales and the same is already ...

If you have worked with multiple employers in a financial year, then you have to obtain Form-16 from each of them. The tax ...

Tax breaks in the megabill, like no taxes on tips and overtime, only apply to people at certain income levels.

The "big, beautiful bill" will add trillions to the national debt through tax cuts, and millions of people could lose their ...

Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.

More than 60% of this year's one-time state income tax rebates have been sent out, according to the Georgia Department of ...

Discover how child support payments impact your taxes. Find out if child support is taxable and learn about claiming your ...

In India, an Income Tax Return (ITR) is a mandatory document that eligible individuals must submit to the Income Tax Department, detailing their income and tax liabilities for the year. Some of us ...

Income Tax Return Filing FY 2024-25: Filing ITR can be a complicated process for most of us, and hence it is important that the tax return filing is error-free to avoid any notice from the Income ...

The income tax return (ITR) filing has started for the financial year 2024-25 (assessment year 2025-26) as the IT Department has enabled Excel Utility for ITR-1 and ITR-4 for AY 2025-26. Here, we ...

ITR-U stands for "Updated Income Tax Return". According to CA Ruchika Bhagat, MD, Neeraj Bhagat & Co it is filed using Form ITR-U under Section 139 (8A) of the Income-tax Act, 1961.

However, you still need to file an income tax return (ITR), even if your taxable salary is less than Rs 12 lakh. Zero tax is payable due to a tax rebate available under Section 87A of the Income ...