According to rules, salaried individuals can switch regimes annually, while business professionals can do so only once, and ...

If you own rental property, you’ll need to file a Schedule E tax form with the IRS to report rental income income or losses.

An informative guide on choosing between ITR-1 and ITR-2 for salaried individuals, highlighting the eligibility criteria and ...

The offline tools for ITR-1 (Sahaj) and ITR-4 (Sugam) are now accessible on the official e-filing portal for download.

The government has released the ITR forms for FY 2024-25, featuring updates related to capital gains, share buybacks, and ...

Employers are required to issue Form 16 to employees if they’ve deducted TDS from their salary. It consists of two parts and ...

The Central Board of Direct Taxes (CBDT) has extended the deadline to file income tax returns (ITRs) from July 31 to ...

Compare TaxAct vs TurboTax to see which tax software fits your business best. I compare pricing, audit support, ...

The applicability of ITR forms depends on factors such as the assessee's sources of income, total earnings and also the ...

The Indian Income Tax Department has clarified the income tax return (ITR) filing procedure for non-resident Indians (NRIs) ...

"Expenses (like rent, electricity, Internet, etc) should be directly related to the profession. Proper records and proofs ...