Discover how IRS Form 1065 helps partnerships report income and deductions. Learn how it’s crucial for completing partners’ tax returns with Schedule K-1 allocations.

Taxpayers who donate to charitable organisations can claim tax deduction under Section 80G of the Income Tax Act, 1961. To ...

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 ...

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 ...

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 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 ...

PHOENIX — Arizona Gov. Katie Hobbs wants to amend the state's tax forms ahead of the forthcoming tax season. Hobbs announced Thursday she had signed an executive order that instructs the Arizona ...

The Income Tax Department is preparing for one of the most significant overhauls in India’s direct tax compliance framework in decades, as all income tax return (ITR) forms and related compliance ...

The Income Tax Department will notify new ITR forms and related rules under the streamlined Income Tax Act, 2025, by January, according to Central Board of Direct Taxes (CBDT) chairman Ravi Agrawal.

Taxpayers will soon get a first look at the compliance framework under India’s new income-tax regime. The Central Board of Direct Taxes (CBDT) will notify the revised Income Tax Return (ITR) forms and ...

The I-T department will by January notify the ITR forms and rules under the simplified Income Tax Act, 2025, which will come into effect from next fiscal beginning April 1, Central Board of Direct ...

New Delhi: The government will release income tax return forms and rules under the simplified Income Tax Act, 2025, by January 2026, giving taxpayers time to prepare before they take effect on April 1 ...