The High Court set aside a 10% TDS certificate issued without recording how the payments were taxable. The ruling stresses that Section 197 orders must be reasoned and cannot ignore binding ...

The court held that technical difficulties justified condonation of delay in filing the prescribed form for concessional tax.

Income Tax Budget 2026 Live Updates: Union Finance Minister Nirmala Sitharaman announced that the New Income Tax Act will ...

Union Budget 2026–27 is expected to keep income tax reforms in focus as FM Nirmala Sitharaman presents her ninth Budget on February 1. With nil tax up to Rs 12.75 lakh already in place, taxpayers are ...

The choice between the old and the new income tax regime is an important one and every year, taxpayers carefully calculate the tax liability under each before deciding on which one to opt for.

Taxpayers are closely watching whether the government will scrap the old tax regime or any changes in tax slabs.

The government has kept income tax rates unchanged for the financial year 2026-27. Finance Minister Nirmala Sitharaman presented the Union Budget 2026 on February 1, 2026, but there were no revisions ...

Ready for an income tax rate cut, Hoosiers? The tax cut isn’t coming from the federal government, but a handful of states. Eight states, including Indiana, lowered their income tax rate, effective Jan ...

Under the income tax laws, a person's income is taxed based on their residential status and the source country of the income ...

The new year has brought a new "wave" of pro-growth tax reforms across the nation, according to the nonprofit think tank the Tax Foundation, as states compete with each other to make themselves more ...

(The Center Square) – Washington state’s percolating “millionaire’s tax” would result in a top marginal rate of more than 18% for high-income earners in Seattle, based on the combined effects of ...