In four states, the threshold for reaching the top 1% is less than $500k. West Virginia has the lowest income threshold at ...

Less than a week left to file ITR for AY 2025-26; 5 crore returns filed so far. Salaried taxpayers’ deadline ends Sept 15, ...

The Income Tax Department has extended the ITR filing deadline for AY 2025-26 to September 15, 2025, for non-audit taxpayers.

With increasing demands for extending the deadline for ITR filing beyond September 15th, 2025, will the FM push ahead the ...

The Income Tax department has urged people who have not filed their ITRs yet to do so as soon as possible to avoid last minute rush.

The redemption of SGBs by an individual with the RBI is not treated as a “transfer” under Section 47(viiic) of the Income Tax ...

Missing the September 15 deadline can cost you in the form of penalties, delayed refunds and loss of tax benefits.

Dividends should be reported in full, not after deducting charges or fees. Capital gains from equity or mutual funds must ...

In cases where the capital gain is not fully used before filing the income tax return, the unutilized amount must be ...

Filing ITR? Don’t ignore exempt income. Tax expert Neeraj Agarwala explains why disclosure is mandatory, how capital gains reporting has changed for AY 2025-26, and why relying only on AIS can invite ...

Test your knowledge of IRS rules that impact how much money you keep in your wallet. Whether to take the standard deduction or itemize deductions is an important decision you'll make when preparing ...

Look at your Form 1040 and divide the total tax, which is the number found on line 24, by the taxable income figure found on ...