Notable updates include simplified reporting for small capital gains, relaxed asset disclosure requirements, and detailed ...

The income tax department has notified the ITR forms for the FY 2024-25 (AY 2025-26). The utilities to file the tax return ...

From higher thresholds for asset disclosure to updated capital gains reporting, changes have been brought about to provide ...

While filing ITR-1 and ITR-4, taxpayers can now file returns even with long term capital gains under sections 112A (up to ...

Those changes are part of the Trump ... representatives asking President Trump to "immediately end the IRS' unlawful Direct File pilot program upon taking office in January," according to a ...

The House Ways and Means Committee held a hearing to mark up the "one, big beautiful bill" extending expiring provisions of ...

When the IRS announced its plan to develop Direct File - the federal government's first-ever free online tax filing tool - in ...

The far-reaching tax reconciliation bill from Republicans on the House Ways and Means Committee would add significant new ...

Reports of the IRS Direct File's death may not have been exaggerated after all. The agency's free program for filing electronic tax returns may be the latest victim of the Trump administration's ...

The latest update from CBDT allows taxpayers with long-term capital gains of up to Rs 1.25 lk to file using simple forms like ...