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CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated
Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…
PTI
Cipla gets Rs 773 cr demand notice from I-T dept
Shares of Cipla on Tuesday settled 0.56 per cent down at Rs 1,507.50 apiece on the BSE.
PTI
Union Budget 2024: A handy FAQ guide to decode the upcoming budget
Weeks before the budget presentation, the finance minister also meets representatives from vario…
Something Harris and Trump can agree on: Tips for service workers should not be taxed
Both Vice President Kamala Harris and former President Donald Trump favor ending taxes on tipped in…
Katie Balevic
Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: Experts
According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total e…
PTI
GST Council tweaks tax rates; Waives interest, penalty on tax dues for first 3 years of rollout
The GST Council on Saturday decided to tweak tax rates on items, including accommodation services f…
PTI
Income Tax dept to hire 50 young law, accountancy grads for better litigation at ITATs
The Income Tax Department has decided to temporarily hire 50 young law and chartered accountancy gr…
PTI
How a Montana retiree will save on spiking home insurance and taxes by living in a type of housing that's illegal in many places
Sylvia, a 71-year-old retiree in Montana, is taking advantage of city and state laws encouraging th…
Eliza Relman
Wyoming, Delaware, and Montana are the most entrepreneurial states of 2024 so far. It might be due to business-friendly taxes.
Wyoming, Delaware, and Montana lead the US in new business formations this year. Cheap costs and fa…
John Towfighi,Juliana Kaplan
Income Tax Department introduces faceless income tax appeals, says it will ensure just and fair appeal orders
On August 13, while launching the Faceless Assessment and Taxpayers' Charter as part of "Trans…
India's new tax charter promises 'faceless' scrutiny — Here's what that means
Prime Minister Modi has pushed for reforms with a new tax charter that aims to reward honest taxpay…
Wisconsin Democratic Senate candidate Mandela Barnes calls for expansion of Child Tax Credit as party makes appeals to middle-class voters amid inflation
Barnes' economic plan would also include provisions to permit Medicare to negotiate drug prices and…
John L. Dorman
Mark Cuban says he's proud to pay $288 million in taxes this year, unlike a certain former president
"This country has done so much for me, I'm proud to pay my taxes every single year," Cuban wrote on…
Kwan Wei Kevin Tan
FM urges I-T officials to expedite returns, refund process and grievance redressal
Finance Minister Nirmala Sitharaman on Tuesday urged income tax (I-T) officials to follow the three…
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…
3 Americans say they moved to Texas for the low taxes, jobs, and friendly people
People are moving to Texas — and sticking around — for a variety of reasons, including the state's …
Jacob Zinkula
What is a bond? How to earn a steady stream of income by loaning money to a business or government
Bonds represent the ownership of debt and allow individuals to diversify their portfolios while mit…
Amena Saad
Taxpayers’ Charter — What the Income Tax department expects from you and what it promises in return
Prime Minister Narendra Modi launched India’s new taxpayer charter today with the hopes that more t…
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 …
Here’s why there is less adoption of the new tax regime and how budget 2022 can make it more attractive
In last year’s union budget, India’s finance minister Nirmala Sitharaman had announced a new tax re…