Ensure that you choose the right form, do not omit any source of income and claim deductions only if you can furnish proofs ...

Form 16, a crucial document for salaried taxpayers, is issued by employers, detailing TDS on salary. It contains vital ...

Importantly, from April 2025, significant reforms to non-domicile taxation have come into force. Although UAE is tax-free on ...

October 27, 2015: The NRI computed his income tax liability as Rs 1.9 lakh (1,91,780) and deposited the same as advance tax. He then repatriated the balance amount of property sale proceeds to the USA ...

CBDT has yet not released online utility for ITR-2 and ITR-3 whereas the same for ITR-1 and ITR-4 has been enabled ...

Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.

As income tax return (ITR) filing season is going on, eligible social media influencers are also liable to pay their taxes. If they don't file their ITR, they may have to go through income tax (I-T) ...

The bill extends portions of the Tax Cuts and Jobs Act, provides deductions to eliminate income taxes on certain tips and ...

In 2024 (taxes filed in 2025), the state and local income tax deduction allows you to deduct up to $10,000 ($5,000 if married filing separately) for a combination of property taxes and either ...

Families make 18,000 reclaims for overpaid inheritance tax in three years, often due to a decline in property prices. We explain how to claim an IHT refund ...

Choosing the wrong form can lead to processing delays, notices from the tax department, or outright rejection of your return. Business Today Desk Updated Jun 13, 2025 6:40 PM IST ...

If your mother gifts you the property today, you would be well within the lifetime gift-tax exclusion of $13.99 million, and far above the annual gift-tax exclusion of $19,000 so you would have to ...