New income tax rules for 2026-27 propose redesigned ITR forms with more pre-filled details, aiming for simplification. Eligibility criteria for simplified forms like ITR-1 and ITR-4 have been adjusted ...

The Tribunal ruled that TDS credit can be granted even if not fully reflected in Form 26AS, subject to verification. The deductee should not be penalized for the deductor’s failure to deposit ...

Can I use the sale proceeds from my own house to pay my sister her 50% share in our father’s property so that the entire ...

The Tribunal emphasized that substantive justice prevails over technical PAN mismatch. Since income of the deceased was offered and accepted, TDS credit had to be allowed to the legal ...

Across Ghana, thousands of pensioners are quietly battling a challenge that rarely makes national headlines but weighs heavily on their daily survival .

What do the draft income tax rules mean for the common man? How does the calculation math for the old vs new income tax ...

The ITA 2025 broadly retains current TDS rates, advance tax instalments, and audit thresholds, but consultants with multiple income streams may not qualify for presumptive taxation.

This paper provides background on the work requirement, outlines system changes that will be needed, describes different ...

IRS January 31 deadline passed: The Internal Revenue Service (IRS) began processing over 270 million information returns this ...

Here’s a clear, step-by-step guide to applying for a credit card online and avoiding common pitfalls ...

Under the revised framework, crypto platforms must follow structured procedures for information collection, verification, ongoing due diligence and reporting of transactions to tax authorities.

Additionally, draft rules and forms were uploaded on the CBDT website on Feb. 7.