The Finance Bill 2025 proposes amendments to clarify the taxation of Unit Linked Insurance Policies (ULIPs). Under Section 10(10D) of the Income-tax Act, exemption on life insurance proceeds is ...

Buoyant personal income tax revenue allows tax relief in FY26 budget, according to finance secretary Tuhin Kanta Pandey.

The government announced a massive income tax relief in a bid to stimulate consumption in the economy, while also staying ...

Tax season is underway. The IRS has debuted a new online tool to help taxpayers check the status of any refund they may be ...

Finance Minister Nirmala Sitharaman presented the Union Budget 2025 in Parliament on Saturday. She announced no income tax on ...

So, no matter how early you file, remember that the federal tax return deadline (Tax Day) is April 15th, 2025. The federal ...

1. Aforesaid appeal by assessee for Assessment Year (AY) 2018-19 arises out of the order of learned Commissioner of Income Tax (Appeals), National Faceless Appeal Centre (NFAC), Delhi [CIT (A)] dated ...

Section 80GGC allows taxpayers to claim deductions for contributions made to eligible political parties and electoral trusts. This deduction aims to encourage political funding.

The dollar amount that people will see will vary significantly. The recovery rebate credit amounted to up to $1,400 per ...

For income between £12,571 and £50,270, you must pay the basic rate of 20 per cent tax. Above this, people must pay 40 per ...

These tips can help you decide what’s right for you this year Lea Uradu, J.D., is a Maryland state registered tax preparer ... “Publication 535 (2021), Business Expenses.” TurboTax. “Reporting ...

Copyright 2025 The Associated Press. All Rights Reserved. Gov. Brian Kemp delivers the state of the state address in the House of Representatives at the Georgia ...