Notable updates include simplified reporting for small capital gains, relaxed asset disclosure requirements, and detailed ...

While filing ITR-1 and ITR-4, taxpayers can now file returns even with long term capital gains under sections 112A (up to ...

From higher thresholds for asset disclosure to updated capital gains reporting, changes have been brought about to provide ...

The income tax department has notified the ITR forms for the FY 2024-25 (AY 2025-26). The utilities to file the tax return ...

While the structure of the forms largely remains unchanged, the updated forms reflect key changes introduced in the Finance ...

The NC Department of Revenue said the agency’s printing partner unexpectedly ceased operations. Here’s how this impacts your ...

Taxpayers tend to make common mistakes, like selecting the wrong tax regime or missing out on corporate NPS benefits. DIY tax ...

Four Senate Republicans are seeking answers about a Biden-era Internal Revenue Service (IRS) compliance unit, citing concerns ...

The CBDT has notified all seven Income Tax Return (ITR) forms for AY 2025-26, incorporating new capital gains rules. This ...

Topline: The IRS estimated in December 2024 that its new Direct File tax return system would cost the government $61.1 ...

The new form, notified in line with amendments introduced in the Finance Act, 2024, applies to entities such as charitable or ...

Filing income tax returns for the first time can be daunting, particularly when dealing with capital gains. It is crucial to ...