The Income Tax Department has launched a new Excel-based utility version of ITR-2 to make filing easier. This form is ...

The Enforcement Directorate recently raided L2 Empuraan producer Gokulam Gopalan. The IT Department has now issued a notice ...

The Income Tax Department has issued a notice to Empuraan producer Antony Perumbavoor, seeking clarification on the alleged ...

The Trump administration says staff reductions at the IRS will not impact taxpayer services, but employees say otherwise.

HRA is a component of salary provided by employers to employees to help cover rental expenses. Employees can claim HRA ...

The Income Tax Department has recently released an upgraded version of the Excel-based utility for filing ITR-2. It is ...

Interest on Non-Deduction/Deducted but Not Paid: Interest at 1% per month (or part thereof) on the amount of tax not deducted, and at 1.5% per month (or part thereof) on the amount of tax deducted but ...

Income tax filers claiming House Rent Allowance (HRA) exemptions must ensure compliance with Tax Deducted at Source (TDS) obligations on rent payments. Non-compliance leads to penalties and interest.

Jayalakshmi (52), who was working as the Income Tax Inspector in the I-T Department located in the complex, had come to the ...

Income Tax department seeks clarification from Prithviraj Sukumaran on his three films released in 2022. The official claimed it to be a follow-up.

The Income Tax Department has issued a fresh notice to Malayalam film producer Antony Perumbavoor of Aashirvad Cinemas banner ...

Senate Republicans took a major step toward enacting President Donald Trump’s tax cut agenda and increasing the U.S. debt ...