You Searched For "income tax law" and got 20 results
Sort By:
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
5 mins read
This tactic to avoid income taxes without moving to Florida could surge thanks to a 'silver tsunami'
Rich business owners looking to cash out can save big on income taxes by setting up trusts in tax-h…
Hayley Cuccinello
2 mins read
Did you know about the only Indian state exempt from paying any income tax? Know all about it here
Sikkim has its income tax manual, which stipulates that no resident of Sikkim was to pay taxes to…
1 min read
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
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 …
1 min read
Cipla gets Rs 773 cr demand notice from I-T dept
Shares of Cipla on Tuesday settled 0.56 per cent down at Rs 1,507.50 apiece on the BSE.
PTI
2 mins read
Illinois is considering a 3% tax on millionaires to solve the state's skyrocketing property tax problem
A millionaires tax has helped other states tackle big problems. It helped Massachusetts provide fr…
Kenneth Niemeyer
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
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
5 mins read
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
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
5 mins read
Kamala Harris' tax plan for small businesses sounds like it will cost a lot of money — it won't
The proposal may represent an opportunity for bipartisan agreement, as experts told BI that neither…
Alice Tecotzky
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
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
A new housing plan wants to give middle-class Americans the kind of support typically reserved for low-income households
The HOMES Act would cap rent at 25% of tenants' incomes, and offer homebuyers affordable mortgages.
Eliza Relman,Juliana Kaplan
3 mins read
Oregon businesses are spending millions to oppose a ballot measure that would give every resident a $1,600-a-year basic income
Oregon businesses have spent millions to oppose a ballot measure that would establish a corporate t…
Kenneth Niemeyer,Katie Balevic
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
The US is considering a sovereign wealth fund. Alaska already has one, and it's funding a universal basic income.
Alaska's Permanent Fund, once funded by oil extraction, is now funded through investment returns, a…
Lakshmi Varanasi
5 mins read
Lok Sabha passes Finance Bill, provision on LTCG tax on property transactions amended
The Finance Bill 2024 was passed by Lok Sabha on Wednesday evening with a few amendments moved by t…