Making use of refunds; playing defense; how to use thin air; and other highlights of recent tax cases.

Delhi ITAT partially allows Rohit Goel's appeal against ACIT, addressing unexplained cash deposits, out-of-book purchases, and assessing income based on bank ...

ITAT Ahmedabad allows Section 11 exemption and quashes late filing fee for Shiksha Foundation, citing timely audit and ...

During the first quarter of 2025, the NYLI Mackay High Income ETF (the “Fund”) outperformed its benchmark. Click here to read ...

NYLI Cushing MLP Premier Fund (I shares) returned +5.38% for the quarter, delivering solid absolute performance while ...

Note: Rebate under Section 87A is available for taxable income up to Rs 5 lakh (i.e., no tax liability if total income is within Rs 5 lakh). What Is the New Tax Regime? Introduced in Budget 2020 and ...

More than 700 ETFs launched last year, including ones that hold crypto or make leveraged bets on individual stocks like ...

Nearly five years after voters approved adult-use marijuana, New Jersey's cannabis ecosystem remains underdeveloped and ...

National Taxpayer Advocate rings warning bell about how much the IRS will be prepared for 2026 tax season, given job cuts and ...

How some older adults could see federal income tax savings of $480 or more from a new senior "bonus" tax deduction, if it's passed by Congress.

Barring ITR-1 and ITR-4, the income tax department has yet not released the excel utilities of other income tax forms. Although the last date to file income tax return is still three months away ...

Taxpayers preparing to file their income tax returns (ITR) for the assessment year (AY) 2025-26 will need a detailed set of documents, including income proofs, investment records, and tax deduction ...