Income Tax: The Union Budget 2026 introduces amendments to the Income Tax Act that simplify compliance for taxpayers. Here is a list of crucial changes for Indian taxpayers.

The ITAT Indore held that penalty under Section 272A(1)(d) cannot survive where the assessment is completed under Section 143(3) after considering the taxpayer’s delayed submissions, as such ...

ITAT held that the appellate authority wrongly dismissed the appeal under Section 249(4)(b) as there was no advance tax liability under Section 209. The matter was remanded for fresh adjudication on ...

An individual tax return is a government form that reports all income for the previous year and any taxes due on it.

Tax policy swings fundamentally altered the economics of buybacks. Thankfully, Budget 2026 amendments will support revival of this credible payout instrument ...

Those who stand to benefit from the changes in tax code include workers who earn tips, those receiving overtime pay, ...

The tribunal agreed with the KRA’s argument that only insurance agencies, insurance brokerage, and securities brokerage services had been spared from VAT by the High Court.

Teachers can benefit from the educator expense deduction, allowing up to $250 off taxable income for specific expenses. Learn about the deduction’s benefits and rules.

A major labor union is working to put a new wealth tax proposal in front of Californians in November. But the proposal would only actually impact a small few — billionaires. The California Billionaire ...

Long Island and state tax professionals said several changes enacted through last year's sweeping federal tax bill are likely to bring savings to many taxpayers, including homeowners, seniors and ...

Nothing kills a good tax-season mood faster than checking your refund status and seeing … nothing. Especially because you can’t exactly call to check on the progress (unless you have an affinity for ...

More than 20 million Americans could see tax refunds delayed due to a specific tax credit claim. Those who claimed the Earned Income Tax Credit must wait until at least March 2 to get their refund, ...