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1 min read

Govt to abolish angel tax on investments in startups

The removal of the angel tax is expected to be a boost for startups as it will help in promot…

PTI   


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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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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

DPIIT recognises 1.40 lakh entities as startups as on June 30, 2024

Under Fund of Funds for startups, Rs 805.86 crore was invested in the startups by supported AIFs (A…

PTI   


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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   


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2 mins read

New business owners could get a $50,000 tax deduction under Kamala Harris's plan

Kamala Harris's next big economic proposal hinges on making it easier for you to start a small busi…

Juliana Kaplan   


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4 mins read

Budget size almost unchanged from interim, shows govt's commitment to fiscal prudence: Experts

According to the Union Budget 2024-25 presented by Finance Minister Nirmala Sitharaman, the total e…

PTI   


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1 min read

Startups incorporated till March 2024 to get income tax benefits: FM

The government on Wednesday proposed to extend income tax benefits to startups incorporated till Ma…

PTI   


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3 mins read

Two tax regimes & rise of freelancers drive people to tax experts, chartered accountants

The option of the new and old tax regimes and complex taxation laws require the assistance of exper…

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3 mins read

Wyoming, Delaware, and Montana are the most entrepreneurial states of 2024 so far. It might be due to business-friendly taxes.

Wyoming, Delaware, and Montana lead the US in new business formations this year. Cheap costs and fa…

John Towfighi,Juliana Kaplan   


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3 mins read

A tax guru explains all that is wrong with Indian government’s latest requirement for startups to disclose creditors’ source of income

While the government of India has set forth the agenda of “trust-based governance”, it has also iss…

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6 mins read

Income tax bonanza, capex push emerge as the stars of Budget 2023-24

An upward revision in income tax slabs and a continued push on capital expenditure investments emer…

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2 mins read

FM Nirmala Sithraman keeps tax slabs unchanged

As expected and in relief for the citizens, the central government neither tweaked nor put any addi…

ANI   


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5 mins read

It's tax season. Here's what to do if you get a rebate.

If you do snag a rebate, what should you do with it? It's a question plenty of Americans contemplat…

Dan DeFrancesco   


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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   


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2 mins read

Income Tax dept selects 68,000 high-value transaction cases for e-verification

CBDT chief Gupta said that the I-T department had taken several progressive steps to encourage volu…

ANI   


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5 mins read

Budget 2023-24 highlights: Those with income below ₹7 lakh a year need not pay income tax

The FM today changed the income tax rebate limit from ₹5 lakh per annum to ₹7 lakh per annum in the…

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5 mins read

How to calculate income tax on stock market earnings

Incomes of all kinds are taxable. While a few financially sound people understand the tax calculati…

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4 mins read

India is betting on casinos, online games and horse races to fill its coffers

Online betting, gambling, casinos and horse racing have long been treated ‘unfairly’ by the Indi…

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7 mins read

Anomalies that need to be fixed in India’s startup regulations

The regulatory clamp down on similar segments in China helped the valuations of Indian startup…