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India economic momentum remains intact, set to achieve 6.5-7% growth, says Finmin Report
Tax collections, especially indirect taxes, which reflect transactions, are growing healthily, and …
PTI
GST Council meet: TMC's O'Brien urges Sitharaman to withdraw 18 pc GST on insurance premiums
O'Brien also expressed fear that levying a high GST rate on health and life insurance might lead to…
PTI
Provisions of TDS/TCS, in case of death of deductee or collectee relaxed by govt
On April 23, 2024, CBDT extended the date for linking of PAN and Aadhaar May for the taxpayers (for…
ANI
Comprehensive review of the IT Act imminent in 6 months, notes revenue secretary
Malhotra explained the government's rationale behind this proviso, noting that buyback does not f…
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
ITR filing: Documents you need to file your income tax return
If you've paid premiums for a life or health insurance policy during the year, or invested in ELSS…
Trump wants to cut Social Security taxes for seniors. It's not as good as it sounds.
Former President Donald Trump said he wants to end Social Security taxes for older adults. It could…
Allie Kelly,Ayelet Sheffey
Decoding Form 16: How do you file your taxes if you don't get Form 16?
While you can still download Form-16, there's another, manual way to figure out your tax liability.…
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
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
GST Council tweaks tax rates; Waives interest, penalty on tax dues for first 3 years of rollout
The GST Council on Saturday decided to tweak tax rates on items, including accommodation services f…
PTI
GST collections in February rise 12.5% to cross ₹1.68 lakh crore
Gross Goods and Services Tax (GST) revenue collections for February rose by a robust 12.5 per cent …
Direct tax collections rise 18% so far in current financial year
The government's gross direct tax collections have risen by 16.77 per cent to touch Rs 17.18 lakh c…
Income Tax Department seizes record ₹1,100 crore cash and jewellery in Lok Sabha elections 2024
As per the sources, by the end of May 30th, the department had seized approximately Rs 1100 crore w…
ANI
GST collection rises 10% to Rs 1.73 lakh crore in May
The gross GST collections in FY25 till May 2024 stood at Rs 3.83 lakh crore, which is a 1…
PTI
A baby boomer says he collects enough in retirement benefits to live a good life in Germany but doesn't think his money would go as far in the US
Gary Hohenstein, 73, retired early and moved to Germany with his wife. He said his benefits go furt…
John Towfighi
GST revenue collection for April 2024 highest ever at Rs 2.1 lakh crore
The Gross Goods and Services Tax (GST) collections surged to a record high of Rs 2.10 lakh crore in…
ANI
A tax on millionaires might soon pay for universal free community college in Massachusetts
The Massachusetts state Senate passed a fiscal budget that includes plans for universal free commun…
Kenneth Niemeyer
28% GST on face value in casinos, online gaming, horse racing will increase revenue collection: FM
Finance minister Nirmala Sitharaman on Tuesday said the 28 per cent GST on full face value of suppl…
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…