Many everyday savings account transactions can attract Income Tax Department scrutiny. Large cash deposits, credit card ...

Legislation introduced by a group of GOP lawmakers seeks to make it easier for people to claim their money the state is ...

For the 2025 tax year, the CTC is seeing changes as part of President Trump’s tax and spending bill, often referred to as the ...

Businessman pays labourers Rs 24 lakh cash, deposits Rs 11 lakh cash in his bank a/c, does not file ITR, tax dept seizes Rs 10 lakh in his bank a/c; he fights back and wins case in ITAT Ahmedabad ...

The Tribunal ruled that cash deposits during demonetisation, sourced from verifiable housing loan withdrawals, were explained and not unexplained income. Following the P&H HC, the ITAT held that the ...