Department can process returns and issue refunds up to December 31, 2026. This means the I-T Department is still well within ...

Learn how the income exclusion rule categorizes certain incomes, like certain interest and child support, as tax-free, ...

Learn the critical differences between revenue and income, their impact on financial health, and how understanding each can ...

Extra work hours in the week can mean extra pay. Now, it can also mean a new tax benefit you can claim on your return come tax time. Starting Jan.

New law replaces the 1961 Act from April 1, simplifying tax provisions, cutting litigation, removing obsolete taxes, and ...

Income tax is zero for those earning up to Rs 12 lakh per annum under New Tax Regime.

Learn about the new Income Tax Act, 2025, replacing the 1961 law. Understand key changes, tax implications, and ...

The main difference between a W-9 and a 1099 is that you fill out a W-9, while the business or entity that is paying you ...

These can increase your tax liability and also result in penalties, fines and notices from the tax department.