Employees earning foreign income face higher tax deductions. This happens because employers cannot apply foreign tax credits ...

Individuals who have obtained income tax registration must file income tax returns within the stipulated time for each tax ...

Ahead of the Union Budget 2026, discussions around major income tax reforms are gaining momentum. One of the most ...

Under the ICAI’s proposal, married couples choosing joint filing would be assessed on their combined income, with the basic ...

Act became effective in January 2024. The primary objective of the law is to simplify the compliance of taxpayers in filing ...

Social Security benefits remain taxable on federal income tax returns. But many older adults can save money with new enhanced ...

Under Indian tax law, if a resident father-in-law gifts a sum of money to his daughter-in-law who is an NRI, the gift is not ...

The Tribunal examined whether provision for salary arrears arising from the Sixth Pay Commission was contingent or accrued.

The issue was whether the entire amount of alleged bogus purchases could be disallowed under Section 69C. ITAT Mumbai held that in the absence of corroborative evidence, only the profit element can be ...

India may introduce joint taxation for married couples in Budget 2026, allowing combined income filing, higher exemptions, ...

Every year, millions of taxpayers file their income tax returns on time to receive their refunds quickly and avoid future ...

Ramp reports reimbursement receipts are vital for documenting business expenses, ensuring compliance, and preventing errors ...