A deduction cuts the income you're taxed on, which can mean a lower bill. A credit cuts your tax bill directly. Learn more about common tax breaks and how to claim them. Many, or all, of the ...

Who should file a tax return, how to get ready for taxes, filing and payment due dates, reporting your income and claiming deductions, and how to make a payment or check the status of your refund.

The income tax department has adopted a more participative approach and is no longer an adversarial department, said CBDT chairman Ravi Agrawal at a FICCI event on Monday. Highlighting the ...

The announcement of Nil tax for those with taxable income of up to Rs 12 lakh has brought cheer to all who fall in that category. However, many who are marginally above that ceiling will end up taking ...

Adhil Shetty, CEO of BankBazaar, urges Finance Minister Nirmala Sitharaman to raise the 30% income tax threshold to ₹18 lakh in Union Budget 2025, restructure the tax brackets, and introduce a ...

The Income Tax (I-T) Department carried out searches at the business premises linked to 360 ONE WAM, formerly known as IIFL Wealth and Asset Management, and its founder, MD and CEO, Karan Bhagat, in ...

The Cayman Islands do not impose taxes on residents. They have no income tax, no property taxes, no capital gains taxes, no payroll taxes, and no withholding tax. A tax haven is any jurisdiction ...

In September 2023, Thailand’s Revenue Department ... tax rules, implemented under Section 40 and Por 161, require expats residing in Thailand for more than 180 days who remit foreign income ...

360 ONE's name had surfaced in the controversy surrounding SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch.The Hindenburg report claims that Sebi Chairperson Madhabi Buch and her ...

The Income Tax (I-T) Department conducted raid and search operations at the offices of wealth and assessment management services group 360 ONE WAM (formerly IIFL Wealth) early Tuesday morning ...

The 67 page Bombay High Court judgement says yes taxpayers should be given the option to file their ITR with Section 87A rebate claim and the income tax department wrongly prevented this by modifying ...

"Certain types of investment products can get you some tax-free income, like government bonds," said Colvin. "The tax benefits you get from federal or municipal bonds are a nice perk, but they won ...