The year 2024 has not quite come to a close and many people may not yet be thinking about filing their 2024 income tax return ...

The Income Tax Department urges individuals to avoid cash transactions. For violations, penalties can reach 100% of the ...

Any violation of the above limit attracts heavy penalty. “The penal consequences of violating the mandate above is imposition ...

Income Tax Department reports surge in direct tax collection to nearly ₹16.9 lakh crore, aiding fiscal deficit projections ...

The probe revealed that prime land parcels in Lucknow were fraudulently purchased by a clerical employee of the ...

Nine states reduced their tax rates effective Jan. 1, 2025, and one eliminated its income tax. Find out if you live in one of ...

Income Tax Department (ITD) in India is a government body that handles the collection and management of direct taxes. Income Tax Department falls under the Department of Revenue, which is part of the ...

If Democrats want to dust off their 2017 playbook as they mount an offensive against Republicans’ efforts to extend expiring ...

State auditors say a Kansas Department of Commerce program distributing $4 million annually in income tax credits to incentivize donations for community service projects lacks transparency because the ...

The Income Tax (IT) Department has warned against excessive cash transactions and violations would trigger heavy penalties ...

April 15, 2025, is the filing deadline for federal taxes. That's on a Tuesday this year. If you fail to file or pay your federal tax return on time, the standard penalty is a whopping 5% of any tax ...

We keep our deposits in savings accounts. But, there is a limit to this too. If there is more money in our account than this ...