Income Tax Act 2025 to Take Effect from April 1, 2026: Major Changes for Taxpayers India’s direct taxation system is set to ...

ITAT Mumbai held that reassessment initiated without approval from the correct authority under Section 151 is invalid. Since the reassessment itself was void, the revision order under Section 263 ...

The new legislation reorganizes provisions related to return processing, scrutiny assessments, and reassessment of escaped income. It simplifies drafting while largely retaining the existing ...

Meesho said it does not agree with the observations and adjustments made in the order and is currently reviewing the ...

Many people living in rented houses focus mainly on paying monthly rent on time, but very few are aware that income tax rules ...

Student loan borrowers who get their debt forgiven in 2026 can expect a hefty tax bill next year. But there are steps you can take now to prepare for the tab, financial advisors say. Meanwhile, those ...

WASHINGTON, Feb 20 (Reuters) - U.S. Trade Representative Jamieson Greer said on Friday his office would launch several new investigations under the Section 301 trade provision, covering most major ...

OLYMPIA, Wash. — As Washington’s proposed “Millionaires Tax” advances through the Legislature, key questions are coming into focus. Currently in the state House, the proposed income tax would impose a ...

The Social Security Fairness Act signed at the beginning of 2025 is now unfair, at least when it comes to taxes, according to some representatives in Congress. Those income spikes last year likely ...

The Congressional Budget Office’s new 10-year fiscal forecast includes plenty of headlines: The nearly $2 trillion federal budget deficit will grow to more than $3 trillion in a decade. The national ...

OLYMPIA — State Senators passed legislation Monday to create an income tax on those earning over $1 million a year, the first hurdle in what will likely prove to be a long battle to get the bill over ...

NEW YORK — Tax season is underway and you have until April 15 to file your return with the IRS. If you want to avoid the stress of the looming deadline, start getting organized as soon as possible.