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2 mins read

New Vivad Se Vishwas 2.0 tax resolution scheme to start on Oct 1 — what you need to know

The government has set October 1, 2024, as the launch date for Vivad Se Vishwas 2.0 to address dire…

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2 mins read

As India’s income inequality worsens beyond British-era levels, majority want to tax the rich, study reveals

A study by the World Inequality Lab has shown that Indian billionaires already own a disproportiona…

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2 mins read

Trump's tax cuts could boost S&P 500 earnings by 20% over the next 2 years, Goldman Sachs says

Each percentage point cut to the corporate tax rate could boost S&P 500 earnings by slightly less t…

Jennifer Sor   


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6 mins read

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…

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2 mins read

Majority of taxpayers to have substantial tax savings due to reduction of long term capital gains on real estate: IT Dept

The Budget has reduced tax rates on capital gains earned from sale of house properties held for lon…

PTI   


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3 mins read

Wondering which ITR form is right for you? Know all about it here

It's time to file your ITRs! While the deadline is 31st July, it's best to not put off filing your …

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3 mins read

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…

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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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3 mins read

Economic Survey 2023-24: Where does India stand on the employment, and what's next?

While the agriculture sector has grown at about 4.18% at constant prices over the last 5 years, Ind…

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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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3 mins read

Modi 3.0 1st Budget: Tax relief for middle class, Rs 2 lakh cr job scheme

With rural distress and unemployment being blamed for BJP losing its majority, Sitharaman in her se…

PTI   


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6 mins read

Union Budget 2024: A handy FAQ guide to decode the upcoming budget

​​​Weeks before the budget presentation, the finance minister also meets representatives from vario…

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6 mins read

The basic income myth: cash discourages work

Guaranteed basic income critics often argue cash discourages work. Experts and participants say tha…

Allie Kelly   


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5 mins read

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   


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2 mins read

Higher taxes for cheaper childcare? 3 localities are voting on it and we want to hear from you.

Counties in California, Texas, and Minnesota will vote on tax hikes for childcare. We want to hear …

Allie Kelly   


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2 mins read

India-US agrees to extend 2% digital tax on e-commerce supplies until June 30

On Oct 8, 2021, both countries joined 134 other members of the OECD/G20 Inclusive Framework (includ…

ANI   


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6 mins read

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 …

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2 mins read

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   


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7 mins read

SEBI is on a mission to take on the wild, wild west of futures and options in India. Here’s why, what, and how of it

Indian equity futures and options trading has become exceedingly risky, with 91% of individual trad…

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7 mins read

SIMPLY PUT: SEBI is on a mission to take on the wild, wild west of futures and options in India. Here’s why, what, and how

It's no secret that futures and options see extreme risks, with most traders losing money regularly…