Income Tax: With fewer than 30 days remaining before the deadline to file the income tax return (ITR) ends on September 15, taxpayers are scurrying around to make arrangements for the necessary ...

Income Tax: Fewer than 30 days are remaining before the September 15 deadline to file the income tax return (ITR) for FY 2024-25. It is crucial for taxpayers to use the correct income tax return form ...

Income tax is charged on most types of income but tax allowances protect some from the taxman. Following the end of the tax year, which falls on 5 April each year, we look at the income tax rates and ...

The IT website pushes you on paths that you do not want to take, and then leaves you totally confused and lost ...

The Income Tax Department, on August 16, rolled out updated Excel utilities to facilitate the filing of revised returns for ITR-3 and ITR-4 forms for assessment years 2021-22 and 2022-23. This follows ...

Missed the ITR filing deadline Don't worry, there is still a chance. The ITR-U lets you fix errors or report income you forgot. File within four years, but remember there is an extra tax. Some changes ...

l My uncle died a year ago. I am the nominee for all his financial assets. Most of the money is gifted to a trust as per his will. Do I have to file income tax returns? What should I do with some ...

Illinois income taxes are calculated differently than in some other states, levying a flat personal income tax rather than following a tiered structure. Many, or all, of the products featured on this ...

The story so far: The Income Tax Bill 2025, which seeks to replace the Income Tax Act of 1961, was passed by Parliament in the ongoing monsoon session. The Bill is significantly shorter, more concise, ...

Unlike many other states with progressive tax structures, Colorado taxes income at a flat rate of 4.25%. More on who pays and when. Many, or all, of the products featured on this page are from our ...

The income tax department of India checks all the filed ITRs with utmost clarity and precision, and if they see any minute defects in the filed return, the department will highlight them and term it ...

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 ...