The IRS mandates a final tax return for the deceased, detailing income up to death.

The new Income-tax Act, 2025 replaces the 1961 law and introduces structural changes such as a single “Tax Year.” Key updates include revised return deadlines, higher STT, and new rules for buybacks ...

Income Tax Department asks taxpayers to ignore advance tax emails for AY 2026–27 after incorrect significant transaction details were reported.

About 117.6 million taxpayers are owed $461.2 billion in IRS tax refunds, making “Where’s my tax refund” one of the most searched tax questions. The Internal Revenue Service says most refunds arrive ...

According to CA Dr Suresh Surana, the Income-tax Act, 2025 (ITA 2025) aims to simplify compliance, rationalise procedures and align the tax framework with current economic realities. Several key ...

The due date for paying the fourth and final instalment for the financial year 2025–26 is on Sunday, 15 March 2026. Check who needs to pay, how to pay online, among other details.

The Delhi High Court held that consolidated show cause notices covering multiple years are permissible where fraudulent availment or utilisation of input tax credit is ...

Advance tax means paying your income tax in instalments during the financial year, instead of paying the entire amount while ...