The new tax regime is the default tax regime. Currently, the highest tax rate of 30% is applicable from net taxable income ...

In Capital Property Consultants Vs ACIT, the Delhi High Court dealt with the issuance of multiple notices under Section 148A(b) of the Income Tax Act, 1961, highlighting procedural lapses by the ...

New income tax slabs: Nirmala Sitharaman made a historic announcement that there will be no income tax payable for those with an income upto ₹12 lakh. New Income Tax Slabs: Union finance ...

The ITAT emphasized that a proper assessment of the agricultural income was necessary before confirming the addition under Section 68. The assessee’s counsel argued that sufficient evidence, including ...

The tax filing season kicked off on Jan 27, with the Internal Revenue Service accepting returns. Taxpayers could face ...

Some changes were made for the taxpayers under New Tax Regime. 1. New Tax Regime The FM announced the New Tax Regime in Budget 2020 as an optional ... tax regime, the income tax return will ...

Many taxpayers are eager to file returns quickly to collect refunds, but it’s important to gather the necessary tax forms ...

What is the Earned Income Tax Credit ... if you file your tax return by April 18, 2026 For 2021, if you file your tax return by April 18, 2025 For 2020, if you file your tax return by May 17 ...

The IRS expects to issue most refunds via direct deposit in less than 21 ... tax filing and payment deadlines were postponed for taxpayers impacted by the California wildfires in September 2020.

The IRS expects over 140 million people to file tax returns before the April 15 deadline. News10NBC spoke with local tax professional Albert Burgos of Burgos Income Tax to get some insights.

Simple Form 1040 returns only (no schedules except for Earned Income Tax Credit ... most current information. According to the IRS, you should only call if it's been at least 21 days since ...

Nine states do not levy an earned income tax ... up-to-date information about key deadlines. Taxpayers who file electronically and are due a refund can expect it within 21 days, according ...