These can increase your tax liability and also result in penalties, fines and notices from the tax department.

Canadian citizen of Indian origin sold India property for Rs 2 crore; buyer deducted TDS but he did not file ITR; lost case ...

Plan ahead for these by saving money on your own or by requesting that the government withhold money for taxes from your ...

The way your income is taxed differs based on whether it’s considered earned or unearned . Read on to learn more.

Discover the complete checklist of key documents required as income tax proof to make your ITR process smooth and hassle‑free.

Centre considers optional joint taxation for married couples as suggested by ICAI, aiming to simplify tax filing and benefit ...

Cash deposits arising from routine business collections cannot be wholly treated as unexplained income. The ruling confirms that estimations must reflect the nature of the taxpayer’s ...

The High Court held that refund claims cannot be rejected based on a time limit prescribed only in rules. The ruling restores ...

With every Union Budget, one of the most closely watched announcements by India’s middle class revolves around personal ...

There will be no tax on tips and no tax on overtime this tax season. Here's what to know about deductions and who qualifies ...

Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...

The new year will bring a host of tax benefits that Americans can take advantage of when filing their taxes in a few weeks. The IRS released its guidance for the "no tax on tips" and "no tax on ...