The Income Tax Act was enacted in the year 1961 and is the statute under which everything related to taxation is listed. This includes levy, collection, administration and recovery of income tax.

CNBC Select rounded up the best tax filing software programs for small business owners, so you can file your taxes before the deadline. We focused on programs that offer plans geared toward small ...

Best tax software Best for affordability: TaxSlayer Best for ease of use: TurboTax Best for live support: H&R Block Best for free filing: Cash App Taxes Best for accuracy guarantee: TaxAct Yes ...

As a result, you might need to hire a certified public accountant (CPA), enrolled agent (EA) or other tax professional to ...

Understanding tax-filing options Gathering your tax documents Step-by-step guide to filing your taxes Tax tips to maximize ... bringing back its Direct File software in 2025 and planning to ...

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One million people will be getting checks from the IRS in the coming weeks, the agency announced Friday. The payments, worth ...

In the fiscal year 2023-24, 6.68% of India’s population filed income tax returns, as reported by Minister of State for ...

In the Union Budget 2024, the Finance Minister announced significant changes to the new income tax regime. The revisions include new income tax slabs for the fiscal year 2024-25. The standard ...

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7% of Income tax where total income is more than ₹1 crore 12% of Income tax where total income is more than ₹10 crores ...