Sharp clarity on Income Tax scrutiny notices under Section 143(2) shows how returns are selected for verification, deadlines ...

Scrutiny assessment is a detailed verification process in which the Income Tax Department examines a taxpayer's return, ...

Taxpayers may need to furnish additional details on donations, business expenses, investments and revised returns as the ...

The Union Budget 2025 expands the tax rules for ULIPs. Now, ULIPs with premiums beyond 10% of policy value are taxable.

CBDT clarifies scrutiny rules for FY 2025-26 returns, setting June 30 as the key cut off for Section 143(2) notices and ...

Income Tax Department updates ITR forms for AY 2026-27, expanding disclosures for salaried taxpayers, traders and small businesses, with no change in tax slabs.

Artificial Intelligence is rapidly finding new use cases in everyday life, and income tax filing is emerging as one of the ...

Instead of bolstering relief to help families access critical public goods and services, Republicans in Congress are pushing policy changes to help the rich keep or grow their wealth. A fierce tax ...

Since the interest earned on the deposit is subject to the clubbing provisions, it is not treated as the spouse’s taxable ...