Post-April 15, the IRS is ramping up efforts to identify tax fraud and errors. With a focus on false deductions and ...

There are many good reasons to work at least part time in retirement. Not only does it provide a little extra income, but it ...

A new report from the National Taxpayers Union Foundation shows how failing to renew key pieces of the TCJA would lead to ...

Tax Deduction Denied to Assessee for Donation to Unapproved Research Body ...

House Republicans are on the hunt for deals on Medicaid cuts, the state and local tax (SALT) deduction cap and other ...

ITAT Ahmedabad held that no disallowance under Section 43B of the Act can be made when deduction is not claimed in the profit and loss account [P&L account], and the liability is disclosed as a ...

Rather than waiting for clarity, industry leaders are shifting from a reactive to strategic approach—adjusting their ...

The Income Tax Department is likely to release the updated ITR forms soon for the financial year 2024-25 (Assessment Year ...

With everything happening in Washington, D.C., lately, it is easy to overlook that a new federal budget is in the negotiating ...

The Income Tax Department has made key changes to the form, aiming to simplify tax filing and reduce unnecessary ...

From a slew of deductions in the old regime to some surprising ones in the new regime, here is a look at your options for income tax savings ...

If you buy a car that was made in this country, President Donald Trump wants you to be able to deduct the interest. The White ...