The 19th reports a new child tax credit starting in 2026 will increase to $2,200 but limit access for many low-income and immigrant families.

KINGSTON, Jamaica—The highly anticipated election debate on the economy got underway on Tuesday night with Finance and the Public Service Minister, Fayval Williams describing the People’s National ...

When filing your Income Tax Return (ITR), one of the most common questions taxpayers have is: Which form should I use, and how can I maximize my tax savings? If you have income from house property, ...

Now, the question is- Is it mandatory to define the nature of employment while filing a return of income? The answer is yes, it is mandatory to define the nature of employment while filing of return ...

Aliss Higham is a Newsweek reporter based in Glasgow, Scotland. Her focus is reporting on Social Security, other government benefits and personal finance. She has previously extensively covered U.S.

The Income Tax Department has announced that taxpayers can now file updated income tax returns (ITR-U) for the assessment years (AY) 2021-22 and 2022-23 using ITR-3 and ITR-4 forms. The facility was ...

The story so far: The Income Tax Bill 2025, which seeks to replace the Income Tax Act of 1961, was passed by Parliament in the ongoing monsoon session. The Bill is significantly shorter, more concise, ...

The Income Tax Department has released the Excel utility for ITR Form 6 for AY 2025-26, enabling companies to file returns for FY 2024-25. Several ITR forms have been notified, including ITR-1, 4, and ...

New Income Tax Bill 2025: The Parliament has passed the New Income Tax Bill 2025, a major overhaul aimed at simplifying tax procedures for individuals and corporations. The revised bill, incorporating ...

Indian Parliament replaces outdated 1961 Income Tax Act with new legislation Select Committee recommends key amendments to improve clarity and fairness New law introduces 'trust first, scrutinise ...

The revised Income Tax Bill, 2025 was passed by the Lok Sabha yesterday within a couple of hours of tabling in the House. This Income Tax (No. 2) Bill, 2025 was introduced after the government ...

The Finance Ministry has issued a corrigendum to the Income-tax (No. 2) Bill, 2025, introducing revised provisions for charging interest on shortfall in advance tax payments, aligning it with the ...