The IRS will have much less of a view into how much income small businesses and independent contractors make because there will be much less third-party reporting required under Trump’s new law.

Filing your income tax return (ITR) doesn’t have to mean hiring a chartered accountant. Due to the online portal of the ...

As the deadline to file Income Tax Returns (ITR) for Assessment Year 2025-26 (FY 2024-25) approaches, many taxpayers are ...

Taxpayers filing ITR-2 and ITR-3 using Excel utilities can encounter errors leading to incorrect tax calculations and potential rejection of returns. Experts recommend downloading pre-filled JSON data ...

When it comes time for a business owner to transition or sell their business, taxes tend to be one of the most important ...

If you have earned from capital gains in the financial year 2024-25, have crypto income or your income falls under any other special category, then this news is important for you. The Income Tax ...

The IRS has issued a request to taxpayers with extensions for their 2024 federal tax returns to file them in the summer months.

The offline Excel utilities for ITR-2 and ITR-3 are now live; know the major changes, who can use them, and tips for smooth ...

Excel Utilities of ITR-2 and ITR-3 for AY 2025-26 are now live and available for filing, informs the income tax department in ...

The delay in releasing ITR-2 and ITR-3 forms is likely due to the complex nature of these returns and the major updates introduced this year.

The documents required for a personal loan for a salaried individual may include salary slips, the bank statement, Form 16, ...

Taxpayers are facing delays in getting their income tax refunds for AY 2025-26, mainly due to the late rollout of ITR forms ...