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2 mins read

Did you know about the only Indian state exempt from paying any income tax? Know all about it here

​​Sikkim has its income tax manual, which stipulates that no resident of Sikkim was to pay taxes to…

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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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4 mins read

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   


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2 mins read

GOP lawmaker attacks tax-exempt status of US colleges failing to condemn Hamas' 'barbaric' attacks

A top GOP lawmaker attacked US colleges for failing to condemn Hamas' "barbaric acts of terrorism" …

Thibault Spirlet   


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3 mins read

A pro-Trump group organizing a DC rally for Jan. 6 defendants lost its tax-exempt status - but is still claiming donations are tax-deductible

Look Ahead America, founded by a former Trump campaign staffer, has been soliciting "tax-deductible…

Charles Davis   


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6 mins read

Are you an NRI having income in India? Here’s how you will be taxed

You are a non resident Indian (NRI) if you live abroad. More specifically, you are classified as "n…

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3 mins read

Taxability of employee benefits may decide which tax regime makes more sense for you

When deciding between the old and the new tax regimes, most of us will consider the most common ded…

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3 mins read

Made a mistake while filing tax returns? Here’s how to file a revised ITR

The process of revising a tax return involves making necessary updates and corrections to a previou…

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2 mins read

How to compare your tax liability in old and new tax regimes

Finance Minister Nirmala Sitharaman, during the 2023-24 Budget, announced that the new tax regime h…

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3 mins read

Have a home loan? You may want to opt for the old tax regime

Home loan holders may be able to save more money on taxes under the old tax regime by claiming maxi…

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2 mins read

Israeli lawmakers grant Netanyahu tax exemptions on benefits

The Knesset Finance Committee - which is controlled by Netanyahu's allies - approved his request Tu…

PTI   


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4 mins read

Union Budget 2023: A look at personal tax proposals

The Economic Survey of 2022-23 expects the Indian economy to grow at 7% for the year ending March 2…

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2 mins read

RBI report flags large-scale variation in property tax collection across civic bodies

It may look surprising but it is a fact that the property tax revenue of the municipal bodies in De…

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4 mins read

The American appetite to tax the rich is high — and growing with each passing year

The recent developments in Washington state offer a warning for America's wealthiest people and cor…

Paul Constant   


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2 mins read

GOP tax bill aims to let churches take political positions without losing tax-exempt status

"This policy has successfully shielded our nation's charitable community against the rancor of part…

Joe Perticone   


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3 mins read

Here’s why there is less adoption of the new tax regime and how budget 2022 can make it more attractive

In last year’s union budget, India’s finance minister Nirmala Sitharaman had announced a new tax re…

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3 mins read

I'm a millionaire. Biden's plan to raise my taxes is a great idea.

Rich people like me are going to invest no matter what the capital gains tax is, so go ahead and ra…

Morris Pearl   


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1 min read

Sweeping Tax Reform Proposal Would End Tax-Exempt Status Of Pro Sports

Under current tax law, a professional football league is granted tax-exempt status as a 501(c)(6) o…

Brett LoGiurato   


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1 min read

Unemployment benefits were set to be taxed. Senate Democrats may have just fixed that.

Under a new provision in the Senate's version of the stimulus, unemployed workers would no longer g…

Juliana Kaplan   


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5 mins read

Bonds can be taxable or tax-free here's your guide to the different types and calculating what's due on them

Bonds are divided into two classes: taxable and tax-exempt. While their capital gains are always ta…

Janet Berry-Johnson