This analysis explains capital asset definition, computation rules, and exemptions under the Income-tax Act. Landmark Supreme Court rulings clarify when capital gains can and cannot be ...

From April 1, the Income Tax Act, 2025, will come into effect, replacing the six-decade-old 1961 law, with all tax changes announced in the 2026–27 Budget set to be incorporated into the new framework ...

In the original draft of the Income-tax Bill, 2025, the savings clause provided that any capital losses -- long-term or short ...

The final Income Tax Act, 2025 has removed a one-time provision that allowed brought-forward long-term capital losses to be set off against short-term capital gains. This change reverts to the ...

Families who struggle to stretch small paychecks far enough to cover a few children may be able to qualify for an extra-large income tax refund. And many could be shocked at how much extra cash we're ...

KIRO Newsradio has reviewed what appears to be a working draft of the income tax on high earners being developed in Olympia, offering the first detailed look at legislation that has been crafted ...

Indian tax liability for NRIs depends on residential status, not citizenship. The key takeaway is that only India-sourced income is taxable for ...

Another year, another tax filing season. The Internal Revenue Service is now accepting tax returns for 2025. Tax season opened on January 26 and remains open until April 15. The IRS expects about 164 ...

Forbes contributors publish independent expert analyses and insights. Nathan Goldman is a tax prof. at NC State Univ. The 2026 Billionaire Tax Act has sent shockwaves across the U.S. This act is ...

Few things generate as much tax-season anxiety as a federal tax refund. Taxpayers worry when it’s smaller than expected, panic when it’s delayed, and cheer when it’s bigger—often without being ...

RIB MOUNTAIN, Wis. (WSAW) - Filing taxes this year may be more difficult than last year because of changes from the One Big Beautiful Bill Act. In the past, people may have been able to file taxes ...

WASHINGTON -- The IRS began accepting 2025 federal income tax return filings on Monday. Not an early bird? No problem. You have until Wednesday, April 15, to file your return and pay any remaining ...