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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…
Using tax credits and rebates to your advantage could save you thousands on a new electric vehicle
Federal and state tax credits can give you money back for buying an electric car.
Nora Naughton,Alexa St. John
Govt. offers relief on long-term capital gains for real estate, allows investors to choose between old and new LTCG regime
Indexation allowed investors to factor in the impact of inflation on their investment over the year…
Sitharaman urges tax officials to prevent doubts from escalating into grievances
Union Finance Minister Nirmala Sitharaman on Friday urged officers of the Central Board of Indirect…
ANI
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…
About 6 cr ITRs filed for FY24; 70% under new tax regime
Addressing the post-budget session of PHD Chamber of Commerce and Industry, Malhotra said there wer…
PTI
51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime, notes FinMin data
The total number of ITRs for AY2024-25 filed till July 31, 2024, is more than 7.28 crore.
ANI
Continue 45-day MSME payment rule: Industry body to Finance Minister Nirmala Sitharaman
According to Section 43B(h) of the Income Tax Act, introduced through the Finance Act 2023, if a la…
PTI
Americans moving to Canada should be aware of these 4 tax and investment implications
Interest in moving to Canada has spiked among Americans. Financial advisor Tiffany Woodfield shares…
Christine Ji
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 …
Oregon lawmakers oppose a corporate tax hike to fund a $1,600 annual universal basic income. But voters will decide.
A bipartisan coalition of Oregon lawmakers is fighting a ballot measure that would hike corporate t…
Katie Balevic
Corporations raised $16 million to oppose Oregon's universal basic income plan. They won.
Voters opposed an Oregon ballot measure that would have given $1,600 annually to all state resident…
Allie Kelly
The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says
Trump's proposed tariffs could hurt lower earners' wallets, while extending the former president's …
Juliana Kaplan,Ayelet Sheffey
Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000
More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…
He left his corporate job to help his mom in the family's 90-year-old restaurant. He almost gave up but figured out how to turn it around.
Iszahar Tambunan, 45, has taken over his family's nasi padang store in Singapore. He hopes his kids…
Erin Liam
A Deposit Dilemma — What's the fuss about a crisis in Indian bank deposits? Are mutual fund investments to blame?
The growth rate of bank deposits in India has been slowing, largely outpaced by credit growth. But …
What a Trump or Harris presidency would mean for your tax bill
BI looked at how Harris and Trump's tax policies could impact high- and low-income earners, as well…
Juliana Kaplan,Bryan Metzger
India's strong economic recovery is led by fiscal expenditure: DSP MF
India's tax collections have also demonstrated robust growth, with gross tax revenue showing a five…