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.

With the tax filing season already underway, revised 1040 instructions make the tips deduction more complicated and limited for the self-employed.

The document outlines a comprehensive framework for conducting bank branch statutory audits under RBI guidelines and ICAI ...

Filing early can help you access refunds quicker, but make sure you have all of your paperwork beforehand. In a year with bigger refunds and major tax changes, taking a little extra time could help ...

Income from transfer of cryptocurrencies, NFTs, and other virtual digital assets is taxed at a flat 30% rate under Indian tax law. The framework also restricts deductions and disallows set-off of ...

When you earn more, you tend to own more -- to the IRS. This might inspire you to find creative tax loopholes, but this may ...

Currently, salaried employees residing in Mumbai, Delhi, Kolkata and Chennai can claim HRA exemption of up to 50% of salary under the old tax regime. For other cities, the limit is capped at 40%. The ...

Multinationals face rising TP scrutiny as global rules diverge. As Daniel Moalusi argues, strong, consistent documentation is ...

Plus: “No tax on tips” gets more complicated, Taxing Social Security benefits, tax season filing statistics, Taxes From A to ...

The IRS generally allows you to claim a refund up to three years after filing a return or two years after paying the tax. Other forms of tax relief, such as penalty abatement or debt settlement, have ...

This is the time of year when people's minds are filled with tax issues — whether they're searching for free tax help they can trust, trying to squeeze out more valuable ...

"This year more than ever, businesses can't afford to adopt a 'same as last year' mentality when it comes to tax filing," said Zack Leder, tax partner, Bennett Thrasher. "Proactive, coordinated ...