About 66.5 per cent of the income tax return filers have zero tax liability, data presented in Lok Sabha on Monday showed.

Proprietors must file Form 1040, which is the standard form for the income tax returns. 3. File Schedule C: Attach Schedule C (Form 1040), which reports business incomes and expenses. 4. File Schedule ...

An updated return, filed under Section 139 (8A), allows taxpayers to amend missed or incorrect income declarations. It can be ...

The IRS has outlined key requirements to help you file your 2024 tax return accurately to avoid common mistakes and maximize ...

If you think you need to file a return this year, maybe for the first time, you're likely wondering where to start.

Taxpayers using the "Where's My Refund" tool on the IRS website are going to be very common in the upcoming weeks. If you ...

To include more taxpayers within the income tax framework, the scope of Tax Deducted at Source (TDS) and Tax Collected at ...

With the 2025 tax season underway, Free File could be just what you need to get your taxes done early and only for $0.

“The most common mistake that you’ll see is that a taxpayer will go to an accountant or go to do their taxes through a ...

As per the present tax laws, a person can file only ITR for only one year at any given point of time between April and December of the year following the financial year.(Pixabay) I have never ...

Filing taxes isn't most people's idea of fun, but it's usually better to file early. After all, filing late can lead to some ...

While the 2025 Union Budget’s tax relief is expected to aid sectors like automobiles, Nomura cautions that the benefits might be limited, as 60% of tax filers do not pay taxes. Rural demand and ...