Taxpayers, mark your calendars for May 2026! Crucial compliance deadlines loom, including TDS/TCS deposits for April and ...

Form 145 is a declaration by the person making the payment to an NRI, covering the nature of the remittance and applicable ...

The new Income-Tax Act 2025 replaced the original Tax Deducted at Source forms — Form 15G and 15H — with a single Form 121, ...

The Department of Posts now mandates quoting Permanent Account Number (PAN) for specified transactions. Individuals without a ...

Under the revised framework, depositors will be required to quote PAN for multiple financial activities at post offices.

Seema learned that gifts exceeding ₹50,000 are taxable, as she received a tax notice for unreported jewellery and cash. All ...

Unlock potential savings with solar tax credits for homeowners. Learn how these incentives can reduce costs and encourage sustainable energy choices today.

The issue concerns differing tax treatment of single-member US LLCs in India and the US. The position clarifies that India taxes global income regardless of US classification, requiring proper ...

The Tax Court advised a taxpayer that filing a second petition would not allow another IRS Collection Due Process review.

Many were confused by claims that an income tax clearance certificate (ITCC) is mandatory for all travellers departing the ...

Rather than launching something new, the revamp retools a familiar system into a more centralised, transaction-level ...

With the rollout of the Income Tax Act, 2025 and new compliance rules, key changes have been introduced to ITR deadlines, along with an expanded scope for updated returns (ITR-U) and tighter PAN ...