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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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5 mins read

Lok Sabha passes Finance Bill, provision on LTCG tax on property transactions amended

The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…

ANI   


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3 mins read

Income Tax department issues warning to taxpayers, asks them to stay safe from ITR Refund scams

There has been an increase in scams targeting Indian taxpayers after the Income Tax Return filing d…

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2 mins read

New business owners could get a $50,000 tax deduction under Kamala Harris's plan

Kamala Harris's next big economic proposal hinges on making it easier for you to start a small busi…

Juliana Kaplan   


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2 mins read

Infosys says Karnataka govt withdrawing pre-show cause notice on GST notice

Infosys says that the Karnataka State authorities are withdrawing the pre-show cause GST notice iss…

ANI   


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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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4 mins read

India’s Income Tax Burden: Mere 0.3% of adult population account for 76% of total personal IT receipts

Data shows that currently India has 66.5 million individuals who pay personal income tax, which is …

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2 mins read

The IRS's free tax filing system is officially open. Here's everything you need to know.

The IRS launched the Direct File tax program in March and residents of 12 states are eligible for t…

Allie Kelly   


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4 mins read

Direct File is the most important tech product of 2024, helping you to finally file your taxes for free

Direct File will be the top tech product to compete against Apple and OpenAI. The tax filing servic…

Alistair Barr   


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2 mins read

Hero Motors files draft papers for Rs 900-crore IPO, may consider pre-IPO fundraising

The company may consider a pre-IPO placement of Rs 100 crore. If this placement is completed, the f…

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2 mins read

TruAlt Bioenergy files IPO papers with Sebi; aims to mop up Rs 750 cr via fresh issue

The IPO is a mix of fresh issuance of equity shares worth Rs 750 crore and an offer for sale (OFS) …

PTI   


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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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2 mins read

You can now file your taxes directly to the IRS for free — if you live in 1 of these 12 states

The IRS has launched a free tool for taxpayers to file tax returns online, but there's a catch: you…

Dominick Reuter   


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1 min read

The door is slamming shut on a $50 billion tax loophole used by the superrich

The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 bill…

Geoff Weiss   


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3 mins read

The IRS says its direct file program saved Americans $5.6 million in filing fees. Now they're making it permanent.

Over 100,000 Americans filed their taxes using the IRS's free new program last year. Now, it's stic…

Juliana Kaplan   


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3 mins read

Made a mistake while filing tax returns? Here’s how to file a revised ITR

The process of revising a tax return involves making necessary updates and corrections to a previou…

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1 min read

Zomato gets service tax demand and penalty order of ₹184 crore

Online food delivery platform Zomato said it has received a service tax demand and penalty order ag…

PTI   


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4 mins read

ITR filing deadline is today – If you miss it, there are more consequences than just a penalty

The Income Tax Act provides provisions for offsetting and carrying forward losses. Offsetting invol…

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2 mins read

Decoding ITR forms: Which one should you use to file your taxes?

Tax filing season is here. On the income tax website there are various income tax forms available t…

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2 mins read

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, …