The main goal of the new bill is to streamline the existing Income Tax laws, making them more transparent and concise to reduce conflicts and offer taxpayers a more predictable tax environment.

In July 2024, the government announced a review of the Income-tax Act, 1961, aiming to simplify it for taxpayers. A KPMG ...

Mumbai: Denying bail to income tax inspector Tanaji Adhikari, arrested in 2023 Rs 264 crore money laundering case, a special ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

Appointments are available now through April 15th for the Volunteer Income Tax Assistance program. VITA is a free federal program for people whose entire household salary is ...

Local officials, school advocates and tax policy experts said such a proposal could have dire impacts on basic services.

The IRS estimates one in five eligible taxpayers don’t claim the earned income tax credit on their tax returns, missing out on thousands of dollars.

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

There's no sure way to predict an IRS audit, but if you're self-employed, these ten "red flags" could increase your chances ...

According to the CBI sources, from analysis of WhatsApp chats found from the personal devices of one of the accused persons D ...

The Israel Tax Authority (ITA) recently published an addendum to the 1987 circular  with the goal of minimizing disputes with sellers of ...

The agency has booked nine people, including I-T deputy commissioner Vijayendran R and two department inspectors, apart from ...