Living overseas won’t let you off the hook from certain tax obligations, as you’re still required to file a tax return with the IRS. For some taxpayers, that means facing the ...

New ITR-1 and ITR-4 forms now require detailed documentation for deductions and claims, promoting transparency and accuracy.

Here's everything you need to know about which deductions are claimable under the new tax regime 2025-26 and the benefits ...

Form 16 is a very important document for salaried people during income tax return (ITR) filing. It shows how much salary you ...

Delhi High Court quashes Section 201 TDS notice against Conner Institute, ruling no default when payee obtained a lower deduction certificate, highlighting the prerequisite for such ...

The Income Tax Department has released updated Excel utilities for ITR-1 and ITR-4 (AY 2025-26), introducing significant ...

Taxpayers should verify Form 16 details before filing their return and complete the e-verification process to avoid penalties ...

The deduction received seeks to alleviate the potential ... For more information, see IRS Publication 542 or the instructions included in Form 1120, Schedule C (or the applicable schedule of ...

Salaried employees will soon receive their Form 16 for Assessment Year 2025–26, featuring a more detailed breakdown of salary ...

Mumbai ITAT rules in favor of Archana Foundation, allowing tax exemption despite 18-day filing delay, citing reasonable cause and judicial ...

Form 16 is a crucial document for salaried employees as it reflects total salary, TDS deducted, and tax calculations.

For fiscal year 2024-25, Form 16 will reflect changes like increased standard deduction under the new tax regime. It will ...