States with net losses of residents are developing innovative and aggressive ways to capture tax revenue from their ...

The German tax authorities are actively involved in international tax matters, including initiatives aimed at combating tax ...

The Union Budget 2025 brought a major relief for taxpayers, as Finance Minister Nirmala Sitharaman announced that individuals ...

Finance Minister Nirmala Sitharaman announced in Budget 2025 that there will be no income tax on income up to Rs 12 lakh.

A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

the same is not prejudicial to the Government revenue because Government will get the whole due tax liability along with the interest at the time of filing of ITR from the persons to whom payments ...

To register for the PM-Kisan Samman Nidhi scheme, eligible farmers can: Visit the PM-Kisan portal and register online Visit their nearest Common Service Centre (CSC) Approach their state government's ...

For instance, if Mr ABC filed his original income tax return by July 31, 2025, and later realised that he forgot to include interest income or claim a deduction he was eligible for, then he can ...

How to Compute Net Earnings Under 'Income from Other Sources' To determine your net earnings under the 'Income from Other Sources' category in your income tax return, follow this straightforward ...

The announcement of Nil tax for those with taxable income of up to Rs 12 lakh has brought cheer to all who fall in that category. However, many who are marginally above that ceiling will end up taking ...

The timeline to file an updated income tax return has been increased to four years from two years starting April 2025. Of course, an updated ITR can only be filed to report a higher tax liability ...