The House Rent Allowance (HRA) calculation in income tax returns relies on factors such as salary, HRA component, rent paid, ...

Draft Income Tax Rules: The Income Tax Department recently introduced the Draft Income Tax Rules 2026. These new rules are being prepared to comply with the Income Tax Act 2025, which will come into ...

S Corporations & Partnerships can now prepare, e-file, and deliver Schedule K-1s easily with TaxZerone — All in One ...

Don't miss the 2026 business tax deadlines. Find out the key filing dates for Partnerships, S Corporations, and C ...

The Tribunal held that immunity from penalty requires strict compliance with statutory conditions, and absence of proof of Form 68 filing disentitles ...

Seniors 65 and older can claim a new federal tax deduction up to $6,000 for 2025, but it's not automatic. Learn how to get this tax break and avoid missing out.

Plus: SCOTUS rules on tariffs, AI is a force multiplier when it comes to scams, state refund checks, tax season filing statistics, Taxes From A to Z, tax filing deadlines, tax trivia and more.

The Tribunal found that denial of foreign tax credit during return processing was improper where Form 67 and the return were filed together. The Assessing Officer was directed to verify and allow ...

Taxpayers should file a revised return to correctly report crypto income and disclose it under the relevant schedule. If the revision window has closed, they can file an updated return (ITR-U) within ...

A new tax deduction for tip income is available for 2025 federal income tax returns. Learn the new form to file, who ...