Understanding late return. A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It gives a chance to taxpayers to declare income, allow ...

Income tax is a direct tax levied on the income of individuals or entities. The Income Tax Department calculates income tax based on pre-determined income slabs applied to net taxable income. Income ...

The IRS has released the new income limits for federal income tax brackets for the tax year 2026. The brackets you fall into determine how much you owe at tax time. For 2025 returns, which will be ...

While taxpayers can request extensions to file their tax returns, they must still pay what they owe by April 15. Some California residents are granted extensions for payments due to wildfires earlier ...

Taxpayers await income tax refunds after the September 16, 2025, deadline. E-verification starts the refund process. Refunds ...

Many taxpayers believe that income tax returns (ITR) can only be filed by the due date. However, this is not entirely correct ...

While taxpayers can request extensions to file their tax returns, they must still pay what they owe by April 15. Some California residents are granted extensions for payments due to wildfires earlier ...

A common income tax filing mistake is failing to claim capital gains exemptions on property sales due to a lack of awareness about Capital Gains Account Scheme | Real Estate News ...