Amend Section 486 to read: “Irrespective of anything contained in this Chapter, no person shall be prosecuted for any offence ...

The Income Tax Department is taking action against taxpayers who filed returns with fake deductions. Investigations revealed ...

Understand Income Tax in India for FY 2025-26, including the latest tax rules, new & old tax slab rates, deductions, exemptions, special tax rates, and the complete ITR filing process under the ...

The Income Tax Department has introduced a separate Schedule VDA in ITR forms, and this is where all crypto-related income must be disclosed, a tax analyst said.

Explains when high-volume, systematic trading is treated as business income and highlights major criteria, tax rates, and compliance ...

ITAT held that charitable trusts without member-wise income shares cannot be taxed at 30% MMR. Tax must be applied at normal slab rates per CBDT Circular ...

FDs are considered safe investments, but the Income Tax Department keeps a close eye on high-value FDs. If you're considering ...

The deadline for the third advance tax instalment for FY26 is approaching. Here's what taxpayers need to know about who must ...

Chancellor Rachel Reeves’s second Autumn Budget had been anxiously awaited for weeks – though, thanks to a gaffe at the Office for Budget Responsibility (OBR), the wait was cut short. As widely ...

Thirteen states don't tax retirement income at all. Another 41 states don't tax Social Security benefits. However, retirees must still pay federal taxes on their retirement income. Some parts of the ...

Pennsylvania Governor Josh Shapiro signed a $50.1 billion state budget on Wednesday, which introduces a new earned income tax credit that will provide nearly $193 million in tax relief for working ...

Missouri Gov. Mike Kehoe says scrapping the state’s personal income tax will be his top priority for 2026. “We will push very hard with House and Senate leadership and House and Senate sponsors to ...