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You Searched For "tax laws" and got 20 results


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2 mins read

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   


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1 min read

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   


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4 mins read

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   


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3 mins read

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   


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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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2 mins read

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   


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2 mins read

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   


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5 mins read

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   


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3 mins read

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   


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3 mins read

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   


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1 min read

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   


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3 mins read

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   


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5 mins read

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   


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7 mins read

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   


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1 min read

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   


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1 min read

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   


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4 mins read

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   


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5 mins read

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   


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2 mins read

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   


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4 mins read

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 …

Juliana Kaplan,Ayelet Sheffey