In India, taxpayers can switch between old and new income tax regimes annually, but business income earners have limited ...

March 7, 2025, is the deadline for depositing Tax Deducted at Source (TDS) and Tax Collected at Source (TCS) for February ...

Salaried employees can select their tax regime at the start of each financial year. If no preference is given, employers will deduct tax under the new regime by default.

ITAT Jaipur held that amount of sundry debtor recorded in books of account are not any money, bullion, jewellery or other ...

Before filing your income tax return, it is vital to compare the tax computation under both the tax regimes i.e., old and new ...

If you are availing exemptions or deductions under the old tax regime, the new tax regime may lead to a higher tax outgo.

For individuals below 60 years of age: The basic exemption limit is ₹2,50,000. For senior citizens (60 years or above but below 80 years): The exemption limit is ₹3,00,000. For super senior citizens ...

The provision for filing an updated return was introduced in the Finance Act of 2022 when Finance Minister Nirmala Sitharaman ...

Whether you need to file a Georgia state income tax return depends on your taxable income and residency status. Many, or all, of the products featured on this page are from our advertising ...

The NBR has taken a move to simplify submission of income tax return and payment procedure online for the tax year 2024-2025 ...

Richard Lewandowski, of Palos Heights, pleaded guilty in February 2021 to a criminal information charging him with one misdemeanor count of failing to file an income tax return.

During President Trump's first term, he overhauled the tax code with his 2017 Tax Cuts and Jobs Act (TCJA). Many of those ...