The Central Board of Direct Taxes (CBDT) has launched an electronic campaign to help taxpayers reconcile discrepancies ...

This initiative focuses on individuals with taxable income or high-value transactions recorded in their AIS but who have not ...

In absolute terms, the number of ITRs filed in FY24 stood at 8.09 crore, higher as compared to 7.4 crore in FY23 and 6.96 ...

In a significant move aimed at enhancing tax compliance and transparency, the Central Board of Direct Taxes (CBDT) has initiated an electronic campaign to address the discrepancies between the income ...

ITAT Kolkata held that Rule 128 (a) does not preclude the assessee from claiming credit for FTC in case of delay in filing the required form no 67. Also held that filing of form 67 is procedural ...

A federal income tax bracket determines a taxpayer's tax rate. There are seven tax rates for the 2025 tax season: 10%, 12%, 22%, 24%, 32%, 35% and 37%. Filing status and amount of taxable income ...

The Central Board of Direct Taxes (CBDT) has launched an electronic campaign to assist taxpayers in resolving mismatches ...

Federal prosecutors announced Tuesday that a New York tax preparer known as 'the Magician" pled guilty to filing thousands of ...

When living and working abroad in Europe as an American, keeping track of many of life’s constants - particularly regarding ...

H.R. 5863 was signed into law last week exempting certain disaster survivors from federal taxes on relief payments. Disaster ...