They must report Indian assets if income crosses Rs 1 cr as threshold for capital gains has increased, say experts ...

Taxpayers should make only eligible claims as any discrepancy could lead to significant penalties and even legal action.

Is HELOC interest tax deductible? It can be if the funds are used for eligible home improvements and meet IRS requirements. Learn more with this guide.

Ensure that you choose the right form, do not omit any source of income and claim deductions only if you can furnish proofs ...

A new tax cap on gambling loss deductions could raise high rollers' expenses and push gamblers toward prediction markets and ...

Zinka Logistics Solutions Limited, operating under the brand BLACKBUCK, has received an order from the Assistant Commissioner ...

Income Tax Department has released new ITR forms for FY 2024-25, but delays in key utilities like ITR-2 are causing concern ...

Working families can claim up to $6,000 through the Child and Dependent Care Tax Credit to offset child care costs and boost ...

Key Points ・The student loan interest deduction can reduce your taxable income by up to $2,500 per year. ・You do not need to ...

One of the components of the recently passed ‘big, beautiful bill’ was a policy not to tax overtime and tax income for many Americans.

Many taxpayers make avoidable mistakes while filing their income tax returns, such as using the wrong ITR form, missing income sources, or forgetting to e-verify. Being accurate, choosing the right ...

ITAT Delhi held that deduction under section 54F of the Income Tax Act duly available since funds are utilized within the ...