Bakersfield tax preparer admits guilt in $25 million tax fraud scheme involving stolen identities and fake businesses, facing ...

With the ITR filing deadline for FY2024-25 extended to September 15, taxpayers with rental income can lower their tax burden through smart deductions. From municipal taxes to home loan interest ...

As ITR filing for FY 2024–25 gathers momentum, a large number of taxpayers—ranging from salaried professionals and gig workers to small business owners—are getting caught in a web of tax myths that ...

The Income Tax Department on Monday started a nationwide verification operation targeting individuals and entities suspected ...

The Income Tax Department released the Excel utilities for ITR forms. The ITR-2 excel utility has six changes for the ...

Filing your income tax return (ITR) doesn’t have to mean hiring a chartered accountant. Due to the online portal of the ...

India's Income Tax Department initiates nationwide verification against bogus deduction and exemption claims, warning taxpayers of penalties and ...

The ICAI Disciplinary Committee reprimanded CA Jayant Ishwardas Mehta (M.No.042630) for professional misconduct involving an incorrect income tax exemption ...

The Income Tax Department has launched a nationwide crackdown in 2025 targeting fake deduction claims by salaried employees, ...

Nowadays, children are ahead in all activities along with their studies. Many times, their talent becomes their source of ...

The legal heir needs to register on the income tax portal through his or her own PAN and then request permission to act on ...

To give honest taxpayers a chance to fix their mistakes, the department had earlier asked people to revise their returns if they had claimed any wrong deductions.