Why saving a draft copy of the ITR can become a tactical advantage rather than submitting it right away after filing the ...

For FY 2024-25, the new tax regime is the default, impacting ITR filing. Switching to the old regime requires careful consideration, especially for those with business income who must file Form 10-IEA ...

The last date for filing Income Tax Return (ITR) for the financial year 2024-25 has been extended to 15 September 2025.

Penalty Rules for Late Filing Explained New Delhi, Sept 11, 2025 – The countdown has begun for taxpayers to file their Income ...

With the October 15 tax deadline fast approaching, it’s natural to feel a sense of urgency. Understanding what’s required ...

Instead of asking for total itemized deductions, the form has separate lines for: ...

A bill to ban sweepstakes casinos in California has made it through to a Senate vote, even as tribal opposition ramps up.

Mercury reports the One Big Beautiful Bill Act introduces tax changes benefitting ecommerce, like a permanent 20% deduction ...

One of the most frequently asked questions by taxpayers is, "Can I file a revised return after my ITR has been processed?" The answer is yes! Under Section 139(5) of the Income Tax Act, 1961, ...

ITR filing FY 2024-25: Salaried taxpayers preparing to file their Income Tax Return (ITR) for AY 2025-26, with a deadline of September 15, 2025, should have their Form 16 ready. This form, ...

Now, the question is- Is it mandatory to define the nature of employment while filing a return of income? The answer is yes, it is mandatory to define the nature of employment while filing of return ...

ITR filing FY 2024-25: When filing ITR for FY 2024-25, profits and losses from F&O trading must be reported as business income, impacting tax calculations and potentially requiring an audit if ...