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May 13, 2025
Business

Got a tax notice for a sudden income spike? What it means what you must do?

If you receive a notice from the Income Tax Department under Section 133(6) of the Income-tax Act, 1961, don’t jump to conclusions. This provision allows tax officers to seek specific…
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May 13, 2025
Business

GOP Tax Bill: No tax on tips & overtime, higher tax on elite colleges, 5% tax on immigrant remittances – Key takeaways

House Republicans on Monday (May 12) released the detailed tax provisions of their massive fiscal bill, outlining a Trump-aligned agenda that slashes taxes across the board while targeting elite universities,…
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May 13, 2025
Business

All income tax return forms for AY 2025–26 notified: Key changes you must know

The Central Board of Direct Taxes (CBDT) has notified all Income Tax Return (ITR) forms for Assessment Year (AY) 2025–26, corresponding to the financial year 2024–25. While the structure of…
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