The broader message from the revised ITR-3 framework is tax reporting is becoming more data-linked, automated, and ...

There is also exposure to penalties for under-reporting or misreporting, and in some cases, even the use of the presumptive scheme itself could be questioned.

It's easier than you may think to make correction to income tax returns, but doing so could delay your tax refund.

Under the new Income Tax Act, 2025, Form 26AS has been replaced by Form 168, but taxpayers continue to refer to it as Form ...

Market losses can save you income tax as several Income Tax Act provisions allow taxpayers to set off and carry forward capital losses, reducing tax liability up to eight years.

The Department of Revenue says the refunds are based on previously filed state income taxes and are being sent out in phases.

Megan Cerullo is a New York-based reporter for CBS MoneyWatch covering small business, workplace, health care, consumer spending and personal finance topics. She regularly appears on CBS News 24/7 to ...

Made a mistake while filing your 2025 income tax return this year? You aren't alone — In its 2025 annual report to congress, the National Taxpayer Advocate says the IRS processed about 3.7 million ...

Senior citizens aged 75+ with only pension and interest income can now avoid filing ITR using Form No. 125 under the new Income-tax Act, 2025. The bank computes income, deducts tax, and handles ...

Understanding the numerous taxes and tax filing structures (like ITR forms) in India can be challenging. ITR-3 is important for individuals & HUF's who make income from business/professional activity.

The federal tax deadline is April 15 for most taxpayers, but you can file an IRS tax extension, which pushes the filing due date to October 15. However, you still must pay your tax balance by the ...