You Searched For "direct tax law" and got 18 results
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2 mins read
CBDT forms committee for IT Act review; 'sunset' clauses to be eliminated
Central Board of Direct Taxes (CBDT) chairman Agrawal said the committee is looking at the best glo…
PTI
1 min read
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
3 mins read
Elon Musk took the stage at a Trump rally to talk about taxes and the 'Department of Government Efficiency'
Musk did not elaborate on policy changes or spending cuts he would implement if he were to join a h…
Katherine Tangalakis-Lippert
7 mins read
My family bought a vacation home in Lake Tahoe for $113,000. A new tax could push us out.
My family's cabin in South Lake Tahoe changed our lives. A vacation homes tax to make living there …
Amanda Yen
4 mins read
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
3 mins read
Tax man introduces ITR 1 and ITR 4 forms – Here’s what it means
The Central Board of Direct Taxes (CBDT) has revealed the Income Tax Return (ITR) Forms 1 and 4 for…
4 mins read
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
4 mins read
Millions of Americans could lose out on more than $700 in healthcare benefits if Congress doesn't keep these tax credits
Pandemic-era subsidies drove enrollment in Obamacare. Now, millions of Americans could see costs r…
John Towfighi
2 mins read
Something Harris and Trump can agree on: Tips for service workers should not be taxed
Both Vice President Kamala Harris and former President Donald Trump favor ending taxes on tipped in…
Katie Balevic
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
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
2 mins read
CBDT exempts startup investments from 21 nations including US, UK from angel tax
India’s finance ministry has announced that non-resident investors in unlisted Indian start-ups fro…
PTI
6 mins read
Old, unused, and 'twisty' — meet the obscure NY election-conspiracy law that just might get Trump convicted
Prosecutors this week said their "entire case" rests on an obscure NY election-conspiracy law. Expe…
Laura Italiano
2 mins read
A GOP senator wants to fix a big flaw in the child tax credit so it pays out more when prices rise
The plan from Sen. Chuck Grassley does not restructure the program into a monthly cash benefit like…
Joseph Zeballos-Roig
2 mins read
4 measures that provide extra cash for Americans in Biden stimulus law
Some parts of the $1.9 trillion Biden stimulus law could permanently strengthen the nation's social…
Joseph Zeballos-Roig
2 mins read
Monthly checks to parents aren't coming back any time soon with Democrats and Republicans miles apart on striking a deal
Democrats and the GOP strongly disagree on who should qualify for the program and how generous it s…
Joseph Zeballos-Roig
2 mins read
3.4 million more kids lived in poverty in February than last December, two months after a monthly check program to parents expired
Congress has shown no sign that it will revive the expanded child tax credit anytime soon. Sen. Joe…
Joseph Zeballos-Roig,Madison …
4 mins read
Stimulus checks were wildly popular with Americans — but Biden's expanded child tax credit payments just aren't
Democrats are banking on it as a political winner, but there are signs giving people money has limi…