Here is a set of lesser-known Income Tax sections that are often overlooked by taxpayers. Exploring them before filing the return could help in significant savings.

The Capital Markets Efficiency Promotion Act imposes a 20% tax on the interest income on long-term investments, but interest ...

Starting July 1, tax on interest income will increase to 20%, a move the government claims is meant to “ promote equity and eliminate tax arbitrage .” Sounds complicated? Let’s skip the jargon and get ...

Swedish garden equipment maker Husqvarna reported its second-quarter operating profit above market expectations on Friday, ...

Estimate your federal refund or taxes due using our free income tax calculator. Enter your income, age and filing status to get started.

Information Statement (AIS) shows incorrect data, it’s important not to ignore it. Errors or mismatches in the AIS can lead ...

Norwegian telecom operator Telenor reported second-quarter earnings that were above analysts' expectations on Friday, benefiting from a strong performance in the Nordics.

The tax break can be claimed starting on 2025 income tax returns. But the deduction phases out for individuals with incomes ...

Experts say retiree Social Security is still taxable and you'll need to read the fine print to understand your situation and what you should withhold.

Anyone in the market for a car will soon be able to write off fees for their purchase as a tax exemption. The Senate ...

If you’re planning to settle in India, understanding how your tax residency status changes is as important as getting your ...

The Department of Finance clarifies that the 20% tax under CMEPA applies only to bank interest income, not to savings. The reform aims to fix unfair tax breaks for the wealthy and streamline ...