New Income Tax Act: The new Act looks to streamline provisions, reduce complexity, and introduce modern digital processes.

One of the most significant changes is in Tax Audit reporting, where the earlier Forms 3CA and 3CB have now been replaced by Form 26. The new form reportedly contains 55 segment-wise clauses, ...

The Madras High Court quashed the rejection of a condonation application, holding that the delay in filing Form 10B had a reasonable explanation. The Court directed reconsideration of exemption under ...

Electronically filing your tax return and choosing direct deposit is the fastest way to get your refund. For issuing paper ...

A simple guide to the five heads of income under the Income Tax Act, 1961, explaining salary, house property, business income, capital gains and other ...

Filing in Indiana for 2025? See what income counts, which deductions apply and how Hoosier‑specific credits can lower your tax bill.

The deadline to file 2025-2026 taxes is Wednesday, April 15, 2026. Important tax forms include the W-2 from employers and various 1099 forms for other income. Taxpayers can create an IRS Online ...

Michigan has a regressive tax system, meaning that low- and moderate-income households pay a higher share of their income in state and local taxes than wealthier households. Michigan’s ...

With bigger tax refunds expected this season, it can be tempting to file returns earlier than usual. But incomplete filings can raise flags for the IRS, delaying processing or even triggering an audit ...

The Internal Revenue Service has made only limited progress so far on its goal of achieving "paperless processing," scanning only a tiny fraction of paper-filed returns last tax season, according to a ...

The Internal Revenue Service started accepting federal tax returns in late January. Federal income tax returns are due on Wednesday, April 15. New York state income taxes are also due on April 15. The ...

The proposal would raise the standard deduction and lower the state's income tax rate. To pay for the tax cut, the plan would eliminate or reduce various tax breaks for businesses and industries.