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

The Tribunal ruled that interest earned on Government grants parked under official directions cannot be divorced from the original grant. Denial of exemption was found to defeat the purpose of section ...

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 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 ...

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

Will Union Finance Minister Nirmala Sitharaman give the middle class a bigger zero tax window or will the government hold ...

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 ...

As household financial savings increasingly move away from traditional bank deposits, analysts believe the government may ...

Early-bird tax filers will be happy to know that the Internal Revenue Service will begin accepting and processing 2025 income tax returns on Monday, Jan. 26. Taxpayers are likely to be shocked to ...

Tax season requires more than filling out a few forms. For many people, it means tracking income from multiple sources, understanding new tax rules and deciding when and how to file to avoid delays, ...