ITAT Delhi held that benefit of section 115AAB of the Income Tax Act availed in the preceding year cannot be denied in subsequent year on the reason of non-filing of prescribed Form 10IC. Accordingly, ...

Ensure a smooth tax filing process by knowing what documents you need. Our comprehensive guide covers essential tax documents ...

A duly filled Income Tax Form 10F by the authorised individual of the remittee. Tax residency certificate from the proper Remittee/ Tax registration of the country in which the Remittee is registered.

The IRS encourages taxpayers to take key steps now to prepare for filing their 2024 federal income tax returns in 2025.

ITR 1 to ITR 7 are the forms which incomes from different heads fall under. Now that we are clear with the basics of income tax, it is time to understand the grave consequences that follow non-filing ...

If you're a non-resident alien doing business in ... Even if you don't earn enough money to have to pay taxes, filing a 1040 form may still be beneficial because you could get money back from ...

With the 2025 filing season quickly approaching, the Internal Revenue Service encouraged taxpayers to take key steps now to ...

The Central Board of Direct Taxes (CBDT) has extended the last date for filing belated/revised income tax returns (ITR) for ...

Despite efforts by the IRS to educate taxpayers and streamline filing, a significant gap remains between what folks are ...

The new tax regime (NTR) lets you compute your income tax at a lower rate slab, but it renders you ineligible to claim most ...

ITR filing: Most of the income tax changes announced in July 2024 will affect tax deductions and exemptions that can be claimed while filing an income tax return (ITR) in July 2025. ET Wealth Online ...

If you file taxes as an independent contractor ... it's required to send you Form 1099-NEC reporting the non-employee compensation you received and how much, if any, was withheld for taxes.