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2 mins read

Paytm declares Q2 results, earns Rs 930 crore as windfall gains by way of sale of ticketing business to Zomato

Notably, in the absence of this windfall gain, Paytm's finances would still be in red, with the com…

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1 min read

After outrage, Govt clarifies: tax clearance certificate only for people with tax dues, high-value defaulters

As per section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax cleara…

PTI   


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ITR Filing: Today is the last day to file your income tax returns, so file today to avoid penalties

You will have to pay a penalty of Rs. 1,000 if your total annual taxable income is below Rs 5,00,00…

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4 mins read

All you need to know about the new tax regime

The new tax regime was introduced in Budget 2020 as a means to simplify tax calculations and offer …

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3 mins read

Budget 2024: Increase standard deduction, exemptions and more, an aam aadmi's wishlist

Note that unless you specifically opt for the old regime, the new tax regime is considered as your …

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Jamie Dimon says the 'Buffett rule' approach to taxing the wealthy could solve America's debt problem

The JPMorgan CEO cited the famed rule that million-dollar households should not pay taxes on a lowe…

Filip De Mott   


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1 min read

Link PAN with Aadhaar by May 31 to avoid double TDS deduction: Income Tax Department

The income tax department on Tuesday asked taxpayers to link PAN with Aadhaar by May 31 to avoid ta…

PTI   


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Market regulator SEBI issues list of 'most wanted defaulters' - all untraceable

In a bizarre development, the Securities & Exchange Board of India (SEBI) has released a list of so…

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Many of Mumbai's Income Tax defaulters are from dingy chawls, says SEBI

In a curious revelation, the Securities and Exchange Board of India (SEBI) has found that several '…

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3 mins read

India is monitoring crypto transactions of 700 investors – evaders could reportedly face a hefty penalty tax

The Income Tax department has shortlisted 700 crypto transactions that haven’t been declared in IT …

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5 ways to lower your portfolio's tax bill as government debt bites, BofA says

The end-game to America's $34 trillion pile of debt is either higher taxes or higher inflation. Her…

Matthew Fox   


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US debt will become unsustainable and trigger default in about 20 years, if it stays on current path

After 20 years, no amount of tax hikes or spending cuts could prevent default "whether explicitly o…

Filip De Mott   


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3 mins read

Tax man introduces ITR 1 and ITR 4 forms – Here’s what it means

The Central Board of Direct Taxes (CBDT) has revealed the Income Tax Return (ITR) Forms 1 and 4 for…

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Budget 2024 expectations: From removal of security transaction tax to sovereign green bonds

The FY 2025 budget is around the corner and it is expected that Finance Minister Nirmala Sitharaman…

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3 mins read

5 tax-saving investments that will lose their charm under the new tax regime

The old tax regime offered several tax deductions that helped bring down one’s taxable income, and …

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Biden and McCarthy reach tentative debt ceiling deal, avoiding national default

After contentious and protracted negotiations, the debt ceiling agreement helps steer the country a…

Katherine Tangalakis-Lippert   


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US could default on its debt as soon as June, says US Treasury Department

The US Treasury Department said the country could default on its debt as soon as June.

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How to compare your tax liability in old and new tax regimes

Finance Minister Nirmala Sitharaman, during the 2023-24 Budget, announced that the new tax regime h…

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3 mins read

Two tax regimes & rise of freelancers drive people to tax experts, chartered accountants

The option of the new and old tax regimes and complex taxation laws require the assistance of exper…

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4 mins read

Looking to file taxes on your own? Here is what you need to keep in mind

It is that time of the year again – when we have to file our taxes. While we can take the services …