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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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4 mins read

Budget 2024: Here's what India's elderlies want

If any amount you receive from NPS is reinvested in the annuity plan, it remains tax-exempt. Howeve…

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3 mins read

Confused about the new tax regime? Here's when you should opt for it

The new regime was introduced in budget 2020 to simplify taxation, and offer lower rates of taxes c…

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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

ITR filing: Documents you need to file your income tax return

If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS…

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3 mins read

Decoding Form 16: How do you file your taxes if you don't get Form 16?

While you can still download Form-16, there's another, manual way to figure out your tax liability.…

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4 mins read

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   


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2 mins read

Seven years of GST has lowered taxes and improved lives of 140 crore Indians: PM

The PM also highlighted that after the implementation of GST, the savings of the poor and the commo…

ANI   


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2 mins read

Americans' growing wealth points to a boom in a tax-exempt corner of the bond market

Adjusted gross income in the US spiked 17.7% to $2.2 trillion in the 2021 tax year, the highest yea…

Yuheng Zhan   


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2 mins read

Senators ask DOJ to investigate 'serious possibility of additional tax fraud' by Clarence Thomas

Two Democratic Senators asked Attorney General Merrick Garland to launch a special counsel investig…

Katherine Tangalakis-Lippert   


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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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1 min read

Delhi HC exempts custom duties on medicines for rare diseases

The Delhi High Court has said that custom duties and charges will not be applied to medicines, drug…

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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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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

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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4 mins read

A tax expert shares the misconceptions and hidden costs the wealthy face when moving to Puerto Rico for tax breaks

The tax benefits of moving to Puerto Rico have misconceptions about capital gains and the requireme…

Cork Gaines   


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2 mins read

GOP lawmaker attacks tax-exempt status of US colleges failing to condemn Hamas' 'barbaric' attacks

A top GOP lawmaker attacked US colleges for failing to condemn Hamas' "barbaric acts of terrorism" …

Thibault Spirlet   


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1 min read

Govt exempts investment trusts, ETFs from capital gains tax in GIFT City

The government has exempted units of investment trusts and ETFs issued by entities based in GIFT C…

PTI   


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1 min read

PLI, tax exemptions and financial support from government: Budget wishlist of space sector

According to ISpA's Director General, Lt. Gen. AK Bhatt (Retd.), the suggestions/wishlist were r…

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3 mins read

How HRA exemption can help you save tax in 2023-24

HRA exemption is available only if you are living in a rented house and opt for the old tax regime.…