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After outrage, Govt clarifies: tax clearance certificate only for people with tax dues, high-value defaulters
As per section 230 of the Income-tax Act, 1961, every person is not required to obtain a tax cleara…
PTI
Anushka Sharma gets no relief from Bombay HC on pleas against sales tax demand
The Bombay High Court on Thursday refused relief to actor Anushka Sharma and disposed of her petiti…
PTI
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…
ANI
Removal of indexation benefit will lead to huge inflow of black money in real estate: Raghav Chadha
Asking the government to roll back the proposal, Chadha, while taking part in the discussion on the…
PTI
A tax expert shares the misconceptions and hidden costs the wealthy face when moving to Puerto Rico for tax breaks
The tax benefits of moving to Puerto Rico have misconceptions about capital gains and the requireme…
Cork Gaines
Fraud like nobody's watching: Trump was probed for 5 years, and still wouldn't clean up his act
He dodged subpoenas. He kept inflating his worth. He hid a $40M transfer. Only a penchant for fraud…
Laura Italiano
Mumbai hikes petrol and diesel prices by ₹2 per litre
The Value Added Tax (VAT) on petrol and diesel is 26 per cent and 24 per cent respectively in …
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
Here’s why the Indian government is not being able to cut fuel prices
The central government, led by the BJP, has ruled out a cut in duties on fuel. In addition to …
India may propose tax on cash withdrawals above ₹1 million in a year to promote digital transactions in the upcoming budget: Report
The tax could be anywhere between 3% to 5%, which would mean a tax of ₹30,000 to ₹50,000 if you …
Republicans want to replace federal taxes with a flat sales tax. It'll either add trillions to the national deficit or you'll have to pay a lot more for everything.
Republicans want to abolish the IRS and impose a consumption tax. A new report says that would add …
Juliana Kaplan
'Big Short' investor Michael Burry says Warren Buffett is unique and being different is key to investing success
Burry, who studied Buffett closely as a young man, realized that the Berkshire Hathaway CEO's idios…
Theron Mohamed
WNBA superstars like Brittney Griner, Breanna Stewart, and Candace Parker are signing for less than market value. Here's why.
The top players in women's basketball are choosing between earning maximum salaries and competing f…
Meredith Cash
Billionaires made enough during the pandemic to pay off everyone's student loans
Forget cancelling student debt. Americans for Tax Fairness found that billionaires' collective weal…
Juliana Kaplan,Ayelet Sheffey
India is working on crypto classification under GST law
The government is working on classification of cryptocurrency as goods or services under the GST la…
PTI
Business owners using sites like PayPal or Venmo now face a stricter tax-reporting minimum of $600 a year
Venmo, PayPal and other similar peer-to-peer payment sites now have to report over $600 in annual b…
Gabrielle Bienasz
Snap stock soars 37% after earnings blowout, adding $15 billion to the Snapchat owner's market value
The social-media group swung to $56 million in adjusted profits and added 11 million daily active u…
Theron Mohamed
Tamil Nadu government is upset about losing money on luxury cars
The Tamil Nadu government recently released a white paper — and the state’s Finance Minister Palan…
OnlyFans lost a legal battle meaning it's likely to pay UK sales tax on all the money made by its content creators
The ruling means the platform's owner is set to pay VAT on all the revenues that creators make, and…
Jyoti Mann
13 lawmakers have recently owned stock in TurboTax's parent company, which the federal government is probing over its 'deceptive' advertising for 'free' tax-filing software
Intuit has fought for decades to make it harder for Americans to be able to file their taxes for fr…