Observing procedural lapses, ITAT ruled that the penalty appeal should also be reconsidered in light of the fresh adjudication of quantum additions. The Tribunal restored the case to CIT (A), ...

The government has reported a rise in direct tax collections and foreign investment inflows following corporate tax rate reductions, effective from AY 2020-21 (except the pandemic-affected FY 2020-21) ...

Each year the Internal Revenue Service (IRS) sets new income thresholds for the various tax brackets to keep up with ...

What is the Earned Income ... tax return. If you’re eligible, you could still have time to claim the EITC for prior years, including: For 2022, if you file your tax return by April 18, 2026 For ...

Texas has one of the highest sales and property tax rates in the nation. The state imposes a 6.25% state sales and use tax.

The government announced a massive income tax relief in a bid to stimulate consumption in the economy, while also staying ...

Tax season is underway. The IRS has debuted a new online tool to help taxpayers check the status of any refund they may be ...

The Budget documents make disclosures about the govt’s off-Budget borrowings. It contributes to fiscal transparency and ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday. She announced no income tax on ...

So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...