Reversing lower authorities, ITAT Ahmedabad ruled that the assessee proved genuineness of loans and interest payments, allowing deduction under Section 57 of the Income Tax ...

MoMo Productions / Getty Images If you overpay the IRS in taxes during the year, they'll typically return your money in the form of a tax ... from your income. Reducing your income could even pull you ...

Whether you need to file a Georgia state income tax return depends on your taxable income and residency status. Many, or all, of the products featured on this page are from our advertising partners ...

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax ...

The Karnataka High Court dismissed the Revenue's appeal, ruling that the definition of tax arrear under the Direct Tax Vivad Se Vishwas Act, 2020, explicitly covers interest charged under Sections ...

Your tax filing status—single, married, or head of household—can affect how much money your employer withholds from your ...

The Internal Revenue Service on Thursday released a batch of annual tax-code adjustments, including the income ranges needed to notch the preferential tax rate on capital gains. Back To Top ...

The IRS released its numbers despite the ongoing government shutdown Here's what you should know about next year's tax rates on long-term capital gains. Attention, investors. Income-tax rules are here ...

A serious data leak was narrowly avoided after the Indian government fixed a major security flaw in its income tax e-filing portal. The issue had exposed sensitive information of taxpayers across ...

Mr. Patel, originally from India, has been employed for the past few years at a big consultancy firm’s Uganda (East Africa) branch. However, he faced his worst nightmare when the income tax (I-T) ...

An Indian expatriate successfully challenged an income tax notice for Rs 20 lakh deposited in his NRE account. The Gujarat High Court ruled in his favor, stating the income was from overseas savings ...