House Representative Rita Mayfield has proposed a bill to increase taxes on the purchases of firearms and firearm components ...

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Among some of the major changes introduced by the Tax Cuts and Jobs Act (TCJA) was the offer of double standard deductions.

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Danni Santana has spent seven years as an editor and business journalist covering industries like sports, retail, restaurants, and now personal finance. Most recently he worked as a retail editor ...

The Delhi High Court has made it clear that allowance in respect of bad debts as an expense under Section 36 of the Income ...

An assessee may be required to file one of several forms of income tax returns, contingent on the type and source of their ...

Section 158AB of the Income Tax Act, 1961, was introduced to reduce repetitive litigation by deferring certain appeals when ...

In the latest income tax bill, a significant change has been made regarding deductions under section 80C of the Income-Tax Act, 1961. These deductions have been shifted to a new section, namely ...