Visakhapatnam, partly allowed an appeal filed by the legal heir of a deceased assessee, granting a deduction under Section 54F of the Income Tax Act despite non-compliance with the deposit requirement ...

The new Income Tax Bill 2025 consolidates salary provisions for clarity, incorporating previous deductions into the salary ...

As tax season approaches, it's essential to determine whether you're required to file a tax return. While most U.S. residents ...

Section 10 of the Income Tax Act, which previously outlined exemptions for various types of income, including agricultural ...

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

Amid the new Income Tax Bill 2025, we answer most FAQs on tax slabs, old vs. new regime, the new income tax rules, exemption ...

Under the new bill, the draft proposes a standard deduction of Rs 75,000 or the salary, whichever is less, where income is ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

In her Budget 2025 address, FM Nirmala Sitharaman announced modifications to the new tax regime, such as the exemption of up ...