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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
Americans moving to Canada should be aware of these 4 tax and investment implications
Interest in moving to Canada has spiked among Americans. Financial advisor Tiffany Woodfield shares…
Christine Ji
Trump's plan for Social Security will help baby boomers in the short term and cut benefits for anyone younger
Trump promised to cut Social Security taxes. Experts say the plan could slash benefits for low-inco…
Allie Kelly
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…
Illinois is considering a 3% tax on millionaires to solve the state's skyrocketing property tax problem
A millionaires tax has helped other states tackle big problems. It helped Massachusetts provide fr…
Kenneth Niemeyer
Higher taxes for cheaper childcare? 3 localities are voting on it and we want to hear from you.
Counties in California, Texas, and Minnesota will vote on tax hikes for childcare. We want to hear …
Allie Kelly
This tactic to avoid income taxes without moving to Florida could surge thanks to a 'silver tsunami'
Rich business owners looking to cash out can save big on income taxes by setting up trusts in tax-h…
Hayley Cuccinello
Elon Musk took the stage at a Trump rally to talk about taxes and the 'Department of Government Efficiency'
Musk did not elaborate on policy changes or spending cuts he would implement if he were to join a h…
Katherine Tangalakis-Lippert
SC dismisses review pleas on allowing states to levy tax on minerals
The Supreme Court has dismissed petitions seeking to review the 9-judge bench judgement, which held…
ANI
Ukraine approves 'historic' war tax hike to help cover defense spending
The bill will raise a military tax on residents from 1.5% to 5% and see corporate tax on banks' pro…
Rebecca Rommen
How rich Americans can save on taxes by giving stock and real estate to their parents
The rich can avoid capital gains taxes by giving appreciated assets to their parents and inheriting…
Hayley Cuccinello
8 of the savviest loopholes wealthy investors use to reduce or avoid capital gains tax
Some of these strategies allow investors to completely avoid paying taxes on their gains.
Laila Maidan
My family bought a vacation home in Lake Tahoe for $113,000. A new tax could push us out.
My family's cabin in South Lake Tahoe changed our lives. A vacation homes tax to make living there …
Amanda Yen
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
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
Trump's plan to scrap taxes on tips and overtime could reshape how millions of Americans get paid
Tax proposals from Trump and Harris could incentivize businesses to twist the definition of a tip a…
Ayelet Sheffey
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
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
The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says
Trump's proposed tariffs could hurt lower earners' wallets, while extending the former president's …