(The Center Square) – Every state that implemented an individual income tax since 1960 had both its gross domestic product and total tax revenue decline, Dr. Arthur B. Laffer of The Laffer Center told ...

Income brackets and the standard deduction will increase slightly for the 2026 tax year, the Internal Revenue Service announced Thursday. Tax brackets will rise by about 4% for lower-income ranges and ...

The Income Tax Department has introduced an online comparison utility that lets taxpayers check old and new provisions ...

Assessments, appeals, rectifications, and search-related proceedings for earlier years remain governed by the old law. This avoids retrospective application of new provisions. It ensures fairness and ...

Finance Minister Nirmala Sitharaman emphasizes an ethical framework in the new Income Tax Act, leveraging technology to ...

The new Form 100 replaces outdated audit reporting formats to improve compliance and clarity. It standardizes reporting for ...