Persons who had investments in unlisted equity shares at any time during the entire financial year. An individual who is a ...

Current income-tax provisions make the new regime the default, but the rules differ depending on whether the taxpayer has business or professional income. Today's Ask Wallet Wise answers how ...

In today’s Nigerian business environment, few issues create more anxiety than payroll, pensions, and statutory deductions. What should be routine often becomes a source of errors and ...

Mutual fund investors are increasingly opting for the dividend option due to income tax relief of ₹12 lakh provided under the new tax regime. Currently, dividend earned from mutual fund investments ...

Income tax is charged on most types of income but tax allowances protect some from the taxman. Following the end of the tax year, which falls on 5 April each year, we look at the income tax rates and ...

Millions of people across India are now rushing to file their Income Tax Returns ahead of the extended deadline. All taxpayers in the country are expected to make their submissions by September 15 ...

Inheriting property doesn't trigger immediate taxes, but selling it does incur capital gains tax, with exceptions. Tax laws allow using the property's fair market value as of April 1, 2001, ...

If you file your ITR as early as possible, you can verify it early, and your refund will also be processed earlier. If you cross the due date of filing ITR, you will have to pay a penalty of Rs 5,000.

India is on the cusp of a landmark tax reform wave. The Income-Tax (No. 2) Bill, 2025, passed by the Lok Sabha on August 11, 2025, builds on the earlier draft introduced in February. Following an ...

Illinois income taxes are calculated differently than in some other states, levying a flat personal income tax rather than following a tiered structure. Many, or all, of the products featured on this ...

ITR Filing: In India, weddings are treated as a festival for family and friends, and giving big gifts is part of a culture. However, for tax authorities, these are not just gifts but sources of income ...

When filing your Income Tax Return (ITR), one of the most common questions taxpayers have is: Which form should I use, and how can I maximize my tax savings? If you have income from house property, ...