Understanding late return. A belated return is a late filing of the tax return under section 139(4) of the Income-tax Act. It gives a chance to taxpayers to declare income, allow ...

People in the United States looking to file their taxes can start sending their tax returns to the IRS on Monday. While tax season can be stressful, the prospect of receiving money back from the IRS ...

Income tax is a direct tax levied on the income of individuals or entities. The Income Tax Department calculates income tax based on pre-determined income slabs applied to net taxable income. Income ...

Tax season is here, and it's Alyssa Melani's second time filing. A part-time employee, freelance actress and small business owner, she said her returns were complicated and she never learned how to do ...

You’ve got less than two weeks to file your tax returns by the April 15 deadline. The IRS received more than 80 million tax returns through March 21, the agency said. Of those, nearly 55 million ...

Taxpayers may continue using the existing forms and procedures for filing their taxes in the meantime, the IRS said. The move ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the ...

While taxpayers can request extensions to file their tax returns, they must still pay what they owe by April 15. Some California residents are granted extensions for payments due to wildfires earlier ...

A common income tax filing mistake is failing to claim capital gains exemptions on property sales due to a lack of awareness about Capital Gains Account Scheme | Real Estate News ...