The Income Tax Department is alerting taxpayers about incorrect deduction and exemption claims. Salaried individuals who ...

The department has advised taxpayers to review their ITRs, verify the correctness of their exemption claims, and revise their ...

If you receive Social Security benefits, keep in mind that you likely need to pay taxes on that money. Like many parts of the ...

Social Security beneficiaries may get good or bad news when they receive Form 1099, which shows the amount of benefits earned in 2025 and their tax liabilities when they file taxes in 2026.

The Court set aside reassessment proceedings after finding that the assessing officer failed to verify whether cash deposits were used to create a fixed deposit. The case was remanded for fresh ...

Gov. Bob Ferguson announced support for an income tax on people earning over $1 million, raising the prospects that the tax long sought by Democrats will pass.

This explains how most notices arise from differences between ITR data and information available with the tax department through AIS and ...

Revenue and income are also prominent fixtures in tax forms filed with the IRS, as well as in company strategies for ...

Amidst the ongoing Rs 60 crore fraud case and investigation, actress Shilpa Shetty Kundra has shared a statement through her ...

The Central Board of Direct Taxes (CBDT) has launched a “Nudge” campaign for the 2025–26 assessment year on Tuesday, December 23, asking taxpayers to voluntaril ...

Bollywood actress Shilpa Shetty Kundra’s legal team has strongly refuted reports claiming that the Income Tax Department ...