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First draft of new and simplified Income Tax law to be prepared by internal tax dept committee: Revenue Secretary
The exercise is not linked to bringing a new direct taxes code, but a comprehensive review of the i…
PTI
Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary
Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…
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
8 of the savviest loopholes wealthy investors use to reduce or avoid capital gains tax
Some of these strategies allow investors to completely avoid paying taxes on their gains.
Laila Maidan
Trump's plan to scrap taxes on tips and overtime could reshape how millions of Americans get paid
Tax proposals from Trump and Harris could incentivize businesses to twist the definition of a tip a…
Ayelet Sheffey
DPI, bankruptcy law, tax code make India attractive investment destination: WEF official
A combination of policy changes such as bankruptcy law and taxation code and the enabling environme…
PTI
Five things to remember as you file your ITRs at the last minute
ITR-1 form is designed for resident individuals who have income from salary, one house property, an…
Bill Gates says the rich would be a lot poorer if he set taxes — but banning billionaires isn't on his agenda
Bill Gates said the wealthy would be worth a third as much if he designed the tax system, but unlik…
Theron Mohamed
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
Time to push divestment of state-owned banks, says SBI report
With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…
PTI
Biden is finalizing plans to announce term limits and a new ethics code targeting the Supreme Court
Biden plans to announce a proposal that would establish term limits and a new ethics code targeting…
Katherine Tangalakis-Lippert
OpenAI may have finally cracked the code on voice interactions with AI
OpenAI unveiled an upgrade for ChatGPT that includes an impressively humanlike voice feature made p…
Dan DeFrancesco
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
Gold bars and silver coins at Costco continue to be top sellers — and a cheat code for boosting its online sales
Gold bars and silver coins continue to show strong sales for Costco, and these high-value items hel…
Dominick Reuter
Blackstone to invest $2 bn every year in India; wants quicker M&A clearances
Global private equity major Blackstone Group is confident of investing USD 2 billion annually in In…
PTI
Inside Arizona's wealthiest zip code, where the average resident is 54 and the median home is $3.3M property
Paradise Valley, Arizona, which has been attracting the wealthy from California, has a median house…
Kelsey Vlamis
Govt removes permit requirement for untested AI models; calls for labelling content
"The advisory is issued in suppression of advisory...dated 1st March 2024," the advisory said. …
PTI
10 Things in Tech: How to make money on social media, Apple’s AI tax, and ChatGPT helps employees code faster
In today's edition: Amazon employees give up their stock, ChatGPT helps employees code, and more he…
Diamond Naga Siu
Trump could face a $100 million tax bill after the IRS says he tried to write off the same losses twice on his Chicago skyscraper
In Trump's 2008 tax return, he reported that he lost up to $651 million on his Chicago tower projec…
John L. Dorman
Jamie Dimon reveals what he would do as president: Tax people like Bill Ackman more
JPMorgan CEO Jamie Dimon said that if he were president, he'd make the wealthy — like Bill Ackman —…