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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
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
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…
A new housing plan wants to give middle-class Americans the kind of support typically reserved for low-income households
The HOMES Act would cap rent at 25% of tenants' incomes, and offer homebuyers affordable mortgages.
Eliza Relman,Juliana Kaplan
Georgia is rich in EV money and jobs
Georgia has received more private investment in EVs and battery manufacturing than any other state,…
John Towfighi
How a Montana retiree will save on spiking home insurance and taxes by living in a type of housing that's illegal in many places
Sylvia, a 71-year-old retiree in Montana, is taking advantage of city and state laws encouraging th…
Eliza Relman
Donald Trump reportedly wants to raise tariffs to pay for tax cuts
Critics of Trump's tariff proposals say that they would raise costs for Americans and stoke further…
Filip De Mott
Insider Today: Undercover millionaires
In this Sunday edition of Insider Today, we're talking about football season and the no-flash milli…
Dan DeFrancesco
A Swiss city cut red tape and ended up with many more homes. It's a model for the US.
New research in Switzerland adds to the international literature finding that upzoning boosts the s…
Eliza Relman
JD Vance's plan to lower childcare costs: have grandma and grandpa 'help a little bit more'
Trump's VP pick JD Vance said there should be more options for older family members to assist with …
Eliza Relman,Juliana Kaplan,Ayelet Sheffey
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
The best way to fix your credit score? Ignore it.
Credit scores and reports can be daunting to think about for consumers. For companies from Experian…
Emily Stewart
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
A family moved to the Bay Area from Georgia for a better quality of life. They pay more than double for housing but they're happier.
Xyndi and Eric Lomboy have been happier since they moved to California, even though their housing c…
John Towfighi
Kamala Harris has an ambitious plan to build 3 million new homes. She'll have to get through Congress and local NIMBYs first.
The Harris campaign is making boosting the supply of homes central to its response to the housing c…
Eliza Relman
Sports gambling is taking a toll on Americans' finances
The sports betting boom is hurting the finances of some low-income Americans.
Jacob Zinkula
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
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
Everything you wanted to know about the market meltdown but were too afraid to ask
We're only six days into the month, but investors are probably already sick of August after another…
Dan DeFrancesco
A boomer helped pay for his daughter's college and her husband's student debt. He won't start gifting their inheritance until they curb their spending.
A boomer told BI he has helped his daughter and her husband pay for college and a home. He'd like t…