The Earned Income Credit can reduce your tax liability and provide a refund. Learn about the updated AGI limits, QC rules and common pitfalls.

The deadline to submit an income tax audit report for the financial year 2024–25 is September 30, 2025. This comes just weeks after the due date for most individuals and Hindu Undivided Families (HUFs ...

The Income-tax Act, 2025 replaces the 1961 law from April 2026 with simplified rules, redesigned forms, and automated compliance, marking a structural reset of India’s tax ...

If taxpayers fail to get their accounts audited and do not furnish the audited report, they will have to pay Rs 75,000 for a delay of up to a month for which such failure continues, and a fee of Rs ...

Forbes contributors publish independent expert analyses and insights. Bruce makes the law and tax code understandable to everyone. With the filing deadline for tax returns less than a month way, taxes ...