Form 141 aims to simplify TDS compliance for property transactions by bringing key requirements under one form. Here is what ...

Find out what the draft 2026 Form 1040 citizenship question asks, when you would first see it, and which households could ...

When a retiree pulls money from her IRA in May and converts more to a Roth in December, two states and the federal government ...

Key points of this article The benchmark is 200,000 yen in annual side income. The 200,000 yen refers to profit (income minus expenses), not total sales. Even if it is 200,000 yen or less, you must ...

Learn when ITR defaults attract 50% or 200% penalties, why ITAT Jaipur quashed a ₹3.99 lakh penalty, and the rules taxpayers ...

Gujarat High Court condoned delay in rectifying a defective ITR due to COVID lockdown hardship and permitted a revised return ...

Indians based globally and investing in India can in some cases face tax notices for unexplained income.In one such case, a ...

If your spouse is a US citizen, your children have dual Japanese and US citizenship, or you yourself have lived in the US for ...

ITAT Chennai allows Section 11 exemption of ₹79.92 lakh to charitable trust filing ITR under Section 139(4), relying on CBDT's 2019 clarification.

Rs 3.99 lakh penalty for under-reporting income, Rs 2 lakh tax shortfall; ITAT Jaipur cancels penalty—know why ...

Income tax return errors do not automatically attract a 200% penalty. Under the Income-tax Act, 2025, under-reporting can ...

The Federal Board of Revenue (FBR) has extended the deadline for filing income tax returns for tax year 2026 to October 31.