You Searched For "direct tax law" and got 20 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
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
Income Tax dept to hire 50 young law, accountancy grads for better litigation at ITATs
The Income Tax Department has decided to temporarily hire 50 young law and chartered accountancy gr…
PTI
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…
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
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
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
1 min read
Gross direct tax collections up by 30% at ₹10,93,385 crore in current fiscal
Gross direct tax collections for 2022-23 (up to November 30) are up by 29.66 per cent at ₹10,93,385…
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
10 mins read
Meet Allison Greenfield, the law clerk driving Trump bonkers at his fraud trial
Donald Trump's attacks on Allison Greenfield, now banned by a gag order, led to a deluge of antisem…
Jacob Shamsian
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
1 min read
GST Council likely to levy 18% tax rate on corporate guarantees for loans
The GST Council is likely to introduce an 18 per cent tax rate on corporate guarantees extended by …
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 Hoff
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…
Joseph Zeballos-Roig
3 mins read
McConnell was unnerved about Biden's child tax credit becoming too popular for the GOP to kill, book says
A book from two New York Times reporters reveal McConnell's unease with a key part of the stimulus …
Joseph Zeballos-Roig
3 mins read
Democrats slam Biden's 'big mistake' to renew $300 monthly checks for families for only one year
The president floated a briefer extension of child tax credits, but some senior Democrats are calli…
Joseph Zeballos-Roig
3 mins read
Joe Manchin says negotiations on Biden's big bill will be 'starting from scratch' as Democrats scramble to save their economic agenda
A $1.8T Build Back Better compromise Manchin offered the White House in December is off the table. …