will introduce the term ‘tax year’ to specify the year of earning income for which the tax liability is computed. The bill will also replace verbose definitions with formulas and simplify the ...

The government has released the new Income Tax Bill to the public ahead of its scheduled presentation in Parliament on February 13, 2025. This comprehensive document consists of 622 pages and will ...

The upcoming Income Tax Bill, set to be introduced in the Lok Sabha on Thursday, proposes replacing the term ‘previous year’ with ‘tax year’—12 months starting from 1 April. It also ...

but one that stands out is Leap Day—and the Leap Year that makes it possible! If you’re wondering “When is the next leap year ...

Filing taxes this spring? There are some important updates to Massachusetts tax laws this year to keep in mind as your prepare to put your taxes together. These include expanded tax credits ...

It's that time of year again. Millions of taxpayers are preparing for the 2025 tax season — that is to say, tax year 2024. Although Texas imposes no state or income tax, there are important ...

Find out whether you can contact the tax preparer year-round or only during tax season. • Ask about fees ahead of time. Before you agree to any services, read the contracts carefully and ...

1961 in order to enhance understanding of income tax laws among the general public and decrease disputes. Over the years, the Income Tax Act 1961 has undergone 66 revisions through various Budgets ...

Each year, the tax season deadlines follow a familiar schedule, from the start of filing season to the final extension date. Knowing exactly what these dates are, though, will help you stay ahead ...

The Internal Revenue Service has set its calendar for the upcoming tax-filing season: Americans can start submitting their income-tax returns on Monday, Jan. 27. As people send in their 2024 ...

Filing sooner means beating criminals who want to steal your refund to the punch. Most years, tax returns are due on April 15 unless that date happens to fall out over a weekend. And because April ...

The emperor Caesar adopted a 365-day calendar and added 10 days to it, including a leap day in February every four years, writes Calendar.com. Eventually, the calendar we all know was adopted by ...