The Foreign Assets of Small Taxpayers – Disclosure Scheme, 2026 (FAST-DS) is a one-time voluntary disclosure scheme that allows eligible taxpayers to disclose certain undisclosed foreign assets, foreign income ...
Taxpayers with business or professional income often face a key question while filing their income tax return: should they use ITR-3 or ITR-4?The Income Tax Department has shared a ...
With the 31 August deadline for filing income tax returns for non-audit taxpayers approaching, individuals earning income from a business or profession need to ensure they are using the ...
Congress-led the Opposition in slamming the budget as one that is “cautious, parsimonious, forgettable”, cut allocations of key ministries as they have drastically failed to utilize funds given to ...
The Internal Revenue Service and the U.S. Treasury have issued nationwide guidance confirming a new tax break that could significantly lower tax bills for millions of American car buyers ...
'With new technology and stricter checks, cheating on taxes is just not worth it anymore.' Illustration: Dominic Xavier/Rediff Tax experts are cautioning taxpayers against fraudulently claiming large deductions -- ...
When Elon Musk launched the so-called Department of Government Efficiency or DOGE, a humorous reference to his flirtation with cryptocurrency, he asserted he would save taxpayers $2 trillion by ...
The Income Tax Department has sent notices to a number of taxpayers who made donations to political parties that are registered, but not recognised by the Election Commission. The ...