One of the reasons for the refund delay is the notices being issued to the taxpayers due to a mismatch in ITR or doubtful ...

Capital gains arise when the selling price of an asset exceeds its acquisition cost after adjusting for transfer expenses.

The way your income is taxed differs based on whether it’s considered earned or unearned . Read on to learn more.

The fourth quarter estimated tax deadline landing in mid January is more than just another date on the IRS calendar. It is a ...

If an individual is earning about Rs 25 lakh and has deductions and exemptions of around Rs 8.5 lakh or more, the person ...

Under the ICAI’s proposal, married couples choosing joint filing would be assessed on their combined income, with the basic ...

The issue was whether deduction under section 80P could be allowed when the return was filed beyond the due date. The ...

The Tribunal held that once a closing cash balance is disclosed and accepted in a prior year’s scrutiny assessment, it cannot ...

Centre considers optional joint taxation for married couples as suggested by ICAI, aiming to simplify tax filing and benefit ...

Tax season officially opens on January 26. But you'll have one less way to file taxes for free this year. Here's what you ...