Whether it’s the Finance Bill, 2025, or the new Income Tax Bill, the detailed FAQs provided by the income tax department ...

Simplification: The provisions under the Income Tax Bill, 2025, have clearer language and cater to modern work scenarios, ...

Undeclared income from side hustles forms part of the hidden economy, HMRC said. It says it is committed to reducing the tax gap, of which the hidden economy accounts for around £2.2 billion.

Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...

Whether you are required to file a federal income tax return this year will depend on how much you earned last year, plus a ...

HMRC has issued a warning to hundreds of thousands of households receiving letters in the post. As the financial year ends, HMRC sends letters to taxpayers if their tax payments don’t align ...

During the course of numerous amendments to the Income tax Act, 1961, several policy decisions were incorporated as separate ...

A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...

ITAT Bangalore held that penalty under section 271B of the Income Tax Act for delay in uploading audit report set aside as ...

What services does MCOP provide regarding free tax preparation? MCOP is providing free tax preparation for older adults who ...

HMRC has issued a warning to hundreds of thousands of households receiving letters in the post. The Labour Party government's ...

There are three status updates which the taxpayer might see: “received return,” “refund approved,” or “refund sent.” If the ...