HC upheld Section 10A deduction after finding that STP unit was a new undertaking with fresh investment and infrastructure. It ruled that unit was not formed by splitting up or reconstruction of an ...

The Tribunal set aside cancellation of charitable registration after finding lack of proper opportunity and consideration of submissions. Fresh adjudication was directed in line with natural ...

In a landmark decision on November 19, 2025, the ITAT Hyderabad ruled that severance packages is to be classified as taxable income under profits in lieu of salary for all terminated employees. The ...

The rollout of the Income Tax Act 2025 has raised an important question among taxpayers — when will the new Income Tax Return ...

The One Big Beautiful Bill brought several changes to personal income taxes. Learn what you need to know for the upcoming tax season.

The Income Tax Department is gearing up for the new and simplified Income Tax Act, 2025, which will come into effect from April 1 next year. CBDT Chairperson Ravi Agarwal recently said that the ...

Learn how tax deductibles work to lower your taxes. Discover common deductions like student loan interest, charitable ...

Save time and money by having these documents ready when it's time to file your taxes. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you ...

A 1099 form is a record that an entity or person (not your employer) gave or paid you money. One copy goes to you and another copy goes to the IRS. Many, or all, of the products featured on this page ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Charlene Rhinehart is a CPA , CFE, chair of an Illinois CPA Society committee, and has a ...

Angelica Leicht is a seasoned personal finance writer and editor with nearly two decades of experience but just one goal: to help readers make the best decisions for their wallets. Her expertise spans ...

Farran Powell is the managing editor of investing at Forbes Advisor. She was previously the assistant managing editor of investing at U.S. News & World Report. Her work has appeared in numerous ...