Taxpayers must disclose foreign assets and income in revised ITR by December 31. Failure to report can lead to penalties.

The growing wait for refunds has left taxpayers looking for answers, and the real question is what exactly has changed this ...

Here's what experts suggest taxpayers can do ahead of the 31 December 2025, if they miss the revised or belated ITR deadline.

What will the extra lucky winner do with their $1.70 billion Powerball Jackpot? The odds of winning the jackpot are 1 in ...

Workers should know about limits on these rules, and employers should be prepared to provide information on tipped wages and ...

Millions of Americans who file their own returns have long learned about tax math mistakes only after the Internal Revenue ...

The ITAT held that late filing of Form 67 cannot defeat a valid FTC claim. The ruling clarifies that procedural delays do not override substantive treaty ...

Access to a solo 401 (k) can be useful for some couples to do smart tax planning. Financial planner Robert Wang, based in Abington, Mass., has been helping a new client who is in the highest tax ...

The communication has caused anxiety because of its wording, which tells taxpayers that not responding "may be construed as a ...

Taxpayers can claim deductions not reported to employers while filing their income tax returns, even after the employer's TDS calculation. The final deadline for belated returns is 31 December, ...

December brings crucial financial deadlines. Ensure your NPS Scheme A is switched by the 25th to avoid unwanted changes. The ...