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2 mins read

Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024

As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…

ANI   


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IT department declares 363 as cost inflation index for current fiscal

The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…

PTI   


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1 min read

Direct tax collections rise 18% so far in current financial year

The government's gross direct tax collections have risen by 16.77 per cent to touch Rs 17.18 lakh c…

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FM Nirmala Sithraman keeps tax slabs unchanged

As expected and in relief for the citizens, the central government neither tweaked nor put any addi…

ANI   


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3 mins read

South Africa's cash giveaway plan is not universal basic income, experts say

A South African program would pay too little money to too few people to qualify as universal basic …

Theron Mohamed   


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2 mins read

Opted for the new tax regime? Here are the allowances and deductions you can still avail

Budget 2020 introduced the new tax regime for FY 2020-21 in addition to the old tax regime. FY 2020…

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1 min read

I-T dept conducts survey at some entities of Hinduja Group

The Income Tax department on Wednesday conducted a survey operation at some entities of the Hinduja…

PTI   


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South Africa could be the first-ever country to provide a no-strings-attached universal basic income

The African National Congress said it would create a national universal basic income program within…

Kenneth Niemeyer   


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3 mins read

Interim Budget 2024: FY25 capex hiked 11%; no change in tax slab, says FM Sitharaman

Finance Minister Nirmala Sitharaman is presenting the Interim Budget 2024-25 at Parliament on Thurs…

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2 mins read

Trump's plan to hike tariffs instead of raising taxes could cause the 'mother of all stagflations,' policymakers warn

Treasury Secretary Janet Yellen and her predecessor Larry Summers called out Trump's plan to replac…

Filip De Mott   


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2 mins read

New York and other states are using AI to hunt down wealthy remote workers and demand more tax

New York and other states are using AI-generated letters to challenge wealthy remote workers who ar…

Mikhaila Friel   


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3 mins read

Tax implications on income of a minor – What every parent should know

Income earned by a minor child from activities involving their skills, talent, or specialised knowl…

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1 min read

Texas residents are moving to New Mexico by the thousands. Some are citing high property taxes.

Thousands are moving from Texas to New Mexico, citing the high property taxes in the Lone Star Stat…

Katie Balevic   


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4 mins read

Here's where funding comes from for guaranteed basic-income programs giving money with no strings attached to low-income Americans

Basic income programs in San Antonio, Austin, Denver, and Atlanta draw funding from federal relief,…

Allie Kelly,Noah Sheidlower   


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4 mins read

Falling birth rates are freaking countries out and spawning dubious fixes like tax breaks, cheaper cars, and free surgery

Countries are trying everything to combat declining fertility rates, with some eye-popping approach…

Joshua Zitser   


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2 mins read

The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims

According to The New York Times, an IRS insider wrote that less than 1% of those using a Puerto Ric…

Filip De Mott   


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5 mins read

I'm a tax lawyer who helps wealthy people move to lower their taxes — and prepare for residency audits

Wealthy people have been moving out of high-tax states like New York for cheaper locations like Flo…

Jordan Pandy   


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4 mins read

I 'escaped' Texas for Tennessee. I loved the food and tech scene, but got tired of the heat and rising property taxes.

Jim Ward, who moved to Tennessee in 2021 after 20 years in Texas, said his life has greatly improve…

Alcynna Lloyd   


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1 min read

Billionaire Jamie Dimon says the rich should pay more to fund tax cuts for lower-income Americans

JPMorgan CEO Jamie Dimon said the US government should expand federal tax credits for struggling lo…

Sawdah Bhaimiya   


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4 mins read

Budget Expectations: Time to revise tax slabs and deduction limits for personal tax payers

It is that time of the year again. Finance minister Nirmala Sitharaman is all set to deliver the bu…