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ITR filing FY 2025-26: Top 10 points to check before submitting tax return

It is that time of the year again, when focus shifts to Income Tax Return(‘ITR’) filing. The tax filing deadline for the Financial Year (‘FY’) 2025–26 is approaching and taxpayers have commenced to gather documents like Form No. 16, other tax deduction statements, investment proofs, bank interest statements, capital gains reports, and other necessary financial information for preparing and filing their tax returns. Besides compliance, ITR also serves as a vital document frequently reviewed...

Times of India 6d ago

TDS on property purchase above Rs 50 lakh explained: Rules, conditions and filing process

Property buyers purchasing homes, flats or any other immovable property worth Rs 50 lakh or more are required to comply with a key tax provision under the income tax act before completing the transaction. Under Section 194-IA, buyers must deduct 1% tax deducted at source (TDS) from the sale consideration and deposit it with the government when making payments to the seller. Failure to comply with the provision may attract interest and penalties under the Income Tax Act.

Times of India 1d ago

Illinois Gov. JB Pritzker to suspend tax breaks offered to data centers

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NBC News 5d ago

ITR filing: What documents are required to file your income tax return? Quick checklist

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Times of India 13h ago

ITR filing: Top reasons salaried taxpayers should wait till mid-June to file IT returns

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Times of India 8d ago

Keep an eye on ‘radicalisation centres’ in border areas: Amit Shah

Calling for a zero-tolerance approach towards unauthorised encroachments within 0-15 km of the international border, home minister Amit Shah on Friday said the local administration and police in border district should remove all such encroachments and keep a close vigil on centres of radicalisation within this border belt. Chairing a meeting in Bhuj to review the security of Gujarat’s land and coastal borders, Shah said that everyone, from the police station staff to patwari, should work in...

Times of India 11d ago

[Written Question] NHS: Contracts

Question by: Dan Norris Answering Body: Department of Health and Social Care Question: To ask the Secretary of State for Health and Social Care, whether (a) his department (b) ICBs are routinely informed when major NHS contractors face significant tax enforcement action.

UK Parliament Written Questions 9d ago

Bessent spars with Dem in fiery Trump tax showdown until claim crosses the line: ‘Slanderous’

Treasury Secretary Scott Bessent and Rep. Linda Sánchez, D-Calif., traded barbs during a Thursday congressional hearing after she pressed him over a DOJ settlement requiring the IRS to end any existing tax audits of President Donald Trump, with Sánchez ultimately accusing him of overseeing the "most corrupt Treasury Department" in U.S. history. "I hope that you're proud of your performance today, Mr. Secretary," Sánchez told Bessent as he testified before the House Ways and Means Committee...

Fox News 6d ago

Bessent spars with Dem in fiery Trump tax showdown until claim crosses the line: ‘Slanderous’

Treasury Secretary Scott Bessent and Rep. Linda Sánchez, D-Calif., traded barbs during a Thursday congressional hearing after she pressed him over a DOJ settlement requiring the IRS to end any existing tax audits of President Donald Trump, with Sánchez ultimately accusing him of overseeing the "most corrupt Treasury Department" in U.S. history. "I hope that you're proud of your performance today, Mr. Secretary," Sánchez told Bessent as he testified before the House Ways and Means Committee...

Fox News Politics 6d ago

'A matter of national security': Call for urgent action on VIQ scandal

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ABC Australia 1d ago