The Department for Promotion of Industry and Internal Trade (DPIIT) has approved 187 startups for income tax exemption under the revamped Section 80-IAC of the Income Tax Act. The move aims to provide ...

That claim to Fox News comes as U.S. customs duties surged to a historic high in April. The Treasury Department reported ...

Those who haven't paid on their debt for nine months or more now face the harsh realities of debt collection. Here's what to ...

The NC Department of Revenue said the agency’s printing partner unexpectedly ceased operations. Here’s how this impacts your ...

The Department of Government Efficiency (DOGE) has reported to have found $155 billion in savings since it was created in ...

Lawmakers on Capitol Hill are debating a new tax cuts bill that includes no taxes on tips and overtime, investment accounts ...

Donald Trump and the GOP's tax plan includes several provisions that benefit the rich and hurt the poor, while raising the national debt by trillions.

Income-eligibility rules for specific tax benefits are nothing new; lawmakers use them to limit the number of people who benefit and to control costs. That's especially the case as GOP lawmakers try ...

The Income Tax Department has released five different Income Tax Return (ITR) forms for the current filing season. The forms ...

The IRS, hit by the Trump administration's federal workforce cuts, has lost 31% of its auditors through March, government ...

The IRS continued layoffs, changed its acting commissioner, and ended its Direct File program as Tax Day arrived.

This is subject to the condition that the LTCG is not more than Rs 1.25 lakh, and the income tax assessee has no loss to carry forward or set off under the capital gains head. Earlier, ITR 1 did not ...