New income tax return forms and rules under the simplified Income Tax Act, 2025, will be notified by January 2026, with the ...

The new law removes redundant provisions and archaic language and reduces the number of sections from 819 in the Income Tax ...

Taxpayers will receive the full compliance framework for the revamped Income Tax Act, 2025 by January, with simplified return ...

Many taxpayers wrongly believe that they won’t get an income tax refund if they miss the July 31 deadline and file a belated ...

Many taxpayers are still awaiting income tax refunds due to increased scrutiny of deduction claims. The CBDT is working to release remaining refunds, ...

Andrew Cosenza, Jr., said as recently as last month that he was fighting to reopen his restaurant in the Cherry Hill Mall, ...

Hobby income and expenses aren't reported to the IRS the way business income and expenses are. Here's how to tell what type of income you have.

The High Court dismissed the Revenue's appeal, affirming that the assessee discharged the initial onus under Section 68 by proving the lender's identity and creditworthiness via banking channels and ...

The Income Tax Department will release outstanding tax refunds by December, said CBDT chief Ravi Agrawal. "We have analysed ...

The Bombay High Court condoned a 338-day delay in filing Form No. 10 for income accumulation under Section 11(2), holding that genuine hardship justified relaxation of procedural ...