CBDT advised all taxpayers to carefully review their foreign income and assets and report them accurately in their Income Tax Returns (ITRs).

If you’ve retired, you may still need to file a tax return if you earn an income from: The state pension A buy-to-let portfolio Assets or dividends. If your main source of income is already from a ...

Since the due date for your 2024 federal income tax return is still months away, it might seem odd to start thinking about ...

Learn how cryptocurrency taxes work, from taxable events to rates for short and long-term gains. Stay on top of your taxes ...

The tax department and its administrative authority Central Board of Direct Taxes (CBDT) recently launched a campaign to ...

Since 2018, Colorado taxpayers have benefited from two reductions to the state income tax that together have brought the rate ...

In the ever-changing business landscape, a strong tax environment is crucial for attracting foreign investment and fostering ...

I am 67 and have two buy-to-lets. I use the rental income to live on. I haven't touched my private pension - but should I ...

Gauhati High Court held that interest under section 244A of the Income Tax Act is payable in cases where department has ...

The banks are on a lending spree to increase their advance-to-deposit ratio (ADR) — a measure of the proportion of a bank’s ...

By Sanjeewa Jayaweera The Inland Revenue Department (IRD) has decided that compliant taxpayers who submit their Return of ...