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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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Received a tax mismatch notice from the IT department? Here is how to set it right

An income tax mismatch notice can happen due to several reasons. In an increasingly digital world, …

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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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OpenAI's Sam Altman has a new idea for a universal basic income

Sam Altman said "universal basic compute," could potentially be more valuable than a traditional un…

Lakshmi Varanasi   


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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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New Mexico experimented with a basic income program that gave $500 a month to immigrant families. They used the money to pay rent and secure jobs.

New Mexico gave households with mixed citizenship status $500 a month for a year. Participants saw …

Allie Kelly   


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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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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

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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Here's what Mark Cuban's $275.9 million in taxes would cover for the US government

Billionaire Mark Cuban came clean about the hefty chunk of change he paid in taxes this year, publi…

Erin Snodgrass   


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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

Trump just debuted a new trial spin as the jury deliberates, claiming 'nobody knows what the crime is'

Prosecutors charged Trump with 34 counts of falsifying business records more than a year ago, but h…

Jacob Shamsian,Laura Italiano   


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5 mins read

It's tax season. Here's what to do if you get a rebate.

If you do snag a rebate, what should you do with it? It's a question plenty of Americans contemplat…

Dan DeFrancesco   


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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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Joe Biden is expected to unveil new tariffs on Chinese EVs. Here's what that could mean for the sector.

The US government's expected decision to target EVs, batteries and solar cells from China could com…

Tom Carter   


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What is OnlyFans?

OnlyFans is a platform that allows users to publish content behind a paywall. It's popular among ad…

Marta Biino   


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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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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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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