To see if you qualify, check the IRS Free File site. You can submit your returns directly to the IRS for free using the IRS ...

According to the new Income Tax Bill -- any information, code, number, or token that is generated through cryptographic means and provides any digital representation of an inherent value -- will be ...

So, the provisions of section 115BBE of Income tax Act. 1961 have been erroneously imposed by Assessing Officer while passing assessment order. Therefore, the Assessment order passed by Assessing ...

The much-awaited Income-tax Bill, 2025 (Bill) which is proposed to be effective from April 1, 2026, has been laid before the ...

ITAT Chennai held that although the assessee company was following the mercantile system of accounting, only real income could be brought to tax. Hypothetical income cannot be taxed. Hence, appeal of ...

The new bill will replace the current Income Tax Act, 1961, and will become effective from April 1, 2026, i.e., from FY 2026-27. Read our story to know the major highlights of this bill and access the ...

The much-anticipated Income Tax Bill, 2025, was introduced in Parliament today, marking a major effort to streamline the ...