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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
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
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
Americans moving to Canada should be aware of these 4 tax and investment implications
Interest in moving to Canada has spiked among Americans. Financial advisor Tiffany Woodfield shares…
Christine Ji
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
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
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
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
Mark Cuban says Trump seems to have 'a new tax cut or tariff' for every city he visits
Cuban had earlier called Trump's call for 200% tariffs on John Deere "insane" and a "good way to de…
Kwan Wei Kevin Tan
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
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
Ukraine approves 'historic' war tax hike to help cover defense spending
The bill will raise a military tax on residents from 1.5% to 5% and see corporate tax on banks' pro…
Rebecca Rommen
How rich Americans can save on taxes by giving stock and real estate to their parents
The rich can avoid capital gains taxes by giving appreciated assets to their parents and inheriting…
Hayley Cuccinello
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
Hero MotoCorp gets over Rs 17 crore tax notice from Delhi GST authorities
The company has received an order for disallowance of input tax credit for FY 2019-20 from the Of…
PTI
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
Realty stocks in limelight; Godrej Properties surges over 4%
The indexation benefit allowed taxpayers to compute gains arising out of the sale of capital assets…
PTI
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 …
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
California's new 'Honest Pricing Law' will require cruise lines to be transparent about fees
California's "Honest Pricing Law" makes it illegal to advertise prices for goods or services that d…