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2 mins read

Important dates to remember while filing your ITR this time!

13 days from now, i.e., 31st July 2024 is the last date for salaried individuals, non-resident Indi…

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1 min read

Due date for filing income tax returns extended to March 15, 2022 for individuals whose accounts are to be audited

The government has extended the deadline to file income tax returns for assessment year 2021-22 to …

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51 lakh, or 7.5% more Indians filed income tax returns this year; 72% of taxpayers opted new regime, notes FinMin data

The total number of ITRs for AY2024-25 filed till July 31, 2024, is more than 7.28 crore.

ANI   


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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

'Baby Reindeer' creator Richard Gadd questioned by producers after dating actor who auditioned for the show, reports say

The comedian was investigated after romantically pursuing an actor he approached to play his onscre…

Eve Crosbie   


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2 mins read

Finance Ministry should identify high risk taxpayers in GST composition scheme: CAG

The Comptroller and Auditor General (CAG) has asked the Finance Ministry to identify high risk taxp…

PTI   


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Filing your ITR at the last minute? Don't make these mistakes

As per official data, about 6 crore ITRs have already been filed so far, and around 70% of them hav…

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1 min read

The door is slamming shut on a $50 billion tax loophole used by the superrich

The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 bill…

Geoff Weiss   


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2 mins read

Date for filing income tax returns extended to March 15, 2022

For fiscal 2019-20 i.e. AY 2020-21, limit was ₹5 crore for businesses and ₹50 lakh for profess…

PTI   


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3 mins read

Special monitor suggests Trump falsified disclosures over $48 million loan in what could be tax evasion, report says

A letter by a court-appointed monitor overseeing Donald Trump's business fraud case indicated he ma…

Katherine Tangalakis-Lippert   


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2 mins read

The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims

According to The New York Times, an IRS insider wrote that less than 1% of those using a Puerto Ric…

Filip De Mott   


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4 mins read

People are getting taxed for gig work they've never done

Uber and DoorDash have been sending tax forms to people who have never worked for the gig delivery …

Alex Bitter   


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3 mins read

Elon Musk's Twitter made a mistake on tax documents for laid off workers. Now they may miss the tax filing deadline.

Laid off workers likely received incorrect W-2s due to an error related to the sale of Twitter stoc…

Kali Hays,Sindhu Sundar   


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1 min read

Bata India gets ₹60 crore sales tax notice

The company said it initially received an audit notice on April 27, 2023, and submitted relev…

PTI   


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2 mins read

New York and other states are using AI to hunt down wealthy remote workers and demand more tax

New York and other states are using AI-generated letters to challenge wealthy remote workers who ar…

Mikhaila Friel   


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2 mins read

The US could hit the debt ceiling deadline in June, sooner than expected amid weak tax collections, Goldman Sachs says

Congress may have less time to raise the debt limit as the deadline could hit in June if tax receip…

Carla Mozée   


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2 mins read

Mark Cuban says he's proud to pay $288 million in taxes this year, unlike a certain former president

"This country has done so much for me, I'm proud to pay my taxes every single year," Cuban wrote on…

Kwan Wei Kevin Tan   


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Joe and Jill Biden report earning $619,976 in 2023

Biden's newly released tax return shows he and his wife paid $146,629 in federal income tax, $30,90…

Madison Hall,Hannah Getahun