Guy sells land, gets Rs 10 lakh capital gains, files no ITR admitting this income, wins case in ITAT Chennai for this reason ...

WASHINGTON (AP) — President Donald Trump said Friday on his social media site that “there seems to be no reason” to meet with ...

Each year, the IRS adjusts federal income brackets and thresholds, and capital gains taxes are no exception. Whether you hold ...

In the email with the subject line "Furlough guidance update," IRS staff were told that a previous memo "incorrectly stated ...

The ITAT Kolkata confirmed the deletion of a ₹4.04 Cr addition under Section 68 against Eskag Sanjeevani, ruling that documented unsecured loans received and fully repaid through banking channels ...

Missing IRS deadlines can carry financial consequences. Failure to file and pay a tax return on time can result in a penalty ...

Both the tax brackets and the standard deduction for the 2026 tax year, which is filed in 2027, have increased to reflect ...

The standard deduction is rising to $32,200 for married couples filing jointly in 2026, an increase of $700 over 2025.

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