With these updates, various individuals will now have the option to claim Tax Collected at Source (TCS) credits in lieu of ...

This form allows employees to report TDS deducted from other sources of income and Tax Collected at Source (TCS), enabling ...

Interest is subject to taxation, just like other forms of income. Find out how your earnings are taxed and learn which forms ...

If you are among those to whom it applies, you'll pay the AMT instead of standard income taxes. Form 6251 is used to determine if taxpayers owe alternative minimum tax instead of standard income tax.

During the ITAT proceedings, the trust presented that both the return of income and Form 10B were submitted by November 5, 2022, which fell within the extended deadline provided by CBDT Circular No.

When filing taxes next year on 2024 income, the standard deduction will increase for married couples and for single taxpayers ...

Capital gains tax rules on gold have changed from July 23, 2024. However, the new rules are applicable to physical gold and ...