ITR-2 filing for AY 2026-27 requires careful reporting of capital gains, multiple properties, foreign assets and other income ...

If your income comes from salary but you also sold shares, own more than one property, hold foreign assets, or received income from virtual digital assets in FY 2025-26, ITR-1 is not the right form ...

Explains Form 12B disclosure, TDS computation, salary reporting, advance tax and ITR precautions for employees receiving salary from two ...

An income tax refund can be used to improve personal finances, such as repaying high-cost debt, building an emergency fund or ...

A crucial Supreme Court judgment has standardised how motor accident claims are determined after courts adopted different ...

Taxpayers filing updated returns face incorrect interest charges. Centralised Processing Centre calculates Section 234B ...

ITAT Delhi upheld deletion of a Section 56(2)(x) addition after finding the AO did not establish that repayment of the corporate loan would not ...

Wealth tax proposals are popping up across the country, sparking economic debates about tax fairness. The question centers on whether very wealthy individuals are paying their fair share. Some ...

LOS ANGELES (AP) — Comedian Carlos Mencia has pleaded not guilty to 12 felony charges alleging he failed to report or pay taxes on more than $8 million in earnings. The 58-year-old Mencia appeared ...

Thanks to a federal court ruling, tens of millions of taxpayers who paid penalties or late fees may be eligible for refunds. But today is the last day to act. In November 2025, the U.S. Court of ...