The main objective of the bill is to streamline and modernise India's tax system by simplifying legal language to ensure that ...

The new Income Tax Bill aims to replace the outdated 1961 Act, simplifying direct tax laws, reducing ambiguities, and curbing ...

What is the Earned Income Tax Credit? The earned income tax credit (EITC) is a federal tax break for low- and moderate-income workers with or without children. Also known as the earned income ...

electing to file a tax return under section 216 of the Income Tax Act Non-resident's investments in Canadian mutual funds Non-resident's investments in Canadian mutual funds, withholding tax, ...

ITR deadline today, January 15, 2025: Taxpayers must noted that today is the deadline for filing your income tax returns (ITR) if you missed the original date or are submitting a revised return ...

These rates apply to your taxable income. Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and ...

KINGSTON, Jamaica-The House of Representatives on Tuesday (January 14) passed amendments to the Income Tax Act, codifying the revenue measures that were announced in the 2024/25 Budget.

India's tax system provides flexibility to its taxpayers by offering two income tax regimes: the old regime and the new regime. Each regime comes with its own set of tax slabs, rules, and benefits, ...

A week before Inauguration Day, a dozen GOP lawmakers introduced the Fair Tax Act of 2025. The bill seeks to abolish the IRS and repeal all personal and corporate income taxes and the death tax ...

An Updated return can be furnished u/s 139(8A) of the Income Tax Act 1961 by any person, whether or not he has furnished a return under sub-section (1) or sub-section (4) or sub-section (5), for an ...