The Income Tax department is working on new rules and forms under the Income-tax Act, 2025, which will be notified by December-end to ensure a smoother, simpler process for taxpayers. The Income Tax ...

Filing income tax returns (ITR) is set to become simpler, smarter, and more user-friendly as the Income Tax Department prepares for the rollout of the new Income Tax Act, 2025, which will take effect ...

KUALA LUMPUR, Aug 26 — The government collected RM288.45 million in taxes from electronic cigarette and vape products between 2021 and July 2025. In a written reply to Parliament yesterday, Finance ...

The premium tax credit is a refundable credit that helps some taxpayers afford health insurance premiums. The advance PTC lowers the premiums themselves. Many, or all, of the products featured on this ...

Filing your income tax return (ITR) is a crucial financial responsibility that ensures compliance with tax laws and opens the door to various financial benefits, including refunds and smoother loan ...

Daniel Liberto is a journalist with over 10 years of experience working with publications such as the Financial Times, The Independent, and Investors Chronicle. Lea Uradu, J.D., is a Maryland state ...

Resident taxpayers earning foreign income often face the issue of double taxation—being taxed in both the source country and the resident country. To address this, the Indian Income Tax Act allows ...

Freelancers in India do not receive a Form 16 like salaried employees, which means they need to take extra care while filing their annual income tax returns. As freelancers have multiple clients, ...

Income Tax: The last date to file income tax return (ITR) of September 15 is drawing closer. This is the time to hurry through your return filing process but carefully. While filing your income tax ...

With the new Income Tax Act set to come into effect from April 1, 2026, the Central Board of Direct Taxes is working on it smooth roll out and all systems will be in place well before time to ensure ...

When filing your Income Tax Return (ITR), one of the most common questions taxpayers have is: Which form should I use, and how can I maximize my tax savings? If you have income from house property, ...

The Income Tax Return - Updated (ITR-U) is a new form introduced by the Income Tax Department under Section 139(8A) of the Income Tax Act. It was launched via the Finance Act 2022 and later updated in ...