Residential status under the Income Tax Act is determined every financial year based on the number of days an individual stays in India. An individual is considered Resident if any one of the ...

A 1099 is a tax document reporting nonemployment income to the IRS. There are several types of 1099 forms, depending on the income you receive — but all are designed to report payments you received to ...

So far, more than six crore returns have already been filed, with numbers expected to rise further as last-minute filers rush to complete the process. “Thank you taxpayers & tax professionals for ...

Despite improvements to the online filing process, many taxpayers, particularly first-timers, still find the procedure daunting.

To register on the Income Tax portal, follow a step-by-step process including entering your PAN, validating it, and providing personal details. After confirming your information and creating a ...

Taxpayers whose accounts do not need an audit have to file their tax returns before September 15 this year. These assessees ...

The "Big Beautiful Bill" fundamentally reshapes the tax landscape for high-income earners. The estate tax exemption jumps to $15 million per person, state and local tax deductions quadruple to $40,000 ...