The assessee’s exemption under section 11 was initially denied as Form 10B was filed after the return. The court held that timely availability before assessment suffices. Key takeaway: Section 11 ...

While the Income Tax Department has already processed a good number of refunds — particularly for those smaller claims — but ...

Thanks to Trump's spending bill, taxpayers in the U.S. can expect no taxes on overtime and tips beginning this upcoming tax ...

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

In a landmark decision on November 19, 2025, the ITAT Hyderabad ruled that severance packages is to be classified as taxable ...

The Clinic Funding Accountability and Transparency Act would require federally qualified health centers to spend 90% of their ...

The new tax credits follow a 2024 State Tax Commission order that instructed Jackson County to roll back a majority of its 2023 residential assessment values over concerns that the values had not been ...

The release coincides with a $6.25 billion donation from Michael Dell and his wife to kickstart the savings program.

Bonuses count as earned income and are fully taxable, but they’re treated as supplemental wages, which means employers must ...

Many people will be shocked when they discover the intricate rules — and lack of supporting paperwork — when filing 2025 federal income tax returns.

By now, you've heard that every kid born between 2025 and 2028 is getting $1,000 in a Trump Account. And, thanks to a ...