Income Tax Dept is sending intimations about cash deposit, property purchase, AIS ITR mismatch; here’s what it means

Be on the lookout for emails from the Income Tax Department regarding your larger financial dealings. These are friendly ...

Foreign asset schedules missing in revised ITR after filing ITR-1/4? I-T dept explains solution

Many taxpayers revising their Income Tax Returns this year are hitting an unexpected snag. Details of foreign assets or ...
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Do you qualify for the new $6,000 senior tax deduction?

The standard deduction has been super-sized for seniors. Starting with 2025 federal returns (filed in 2026), taxpayers 65 and older can claim an additional $6,000 without itemizing, thanks to tax ...