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2 mins read

Telangana urges 16th Finance Commission to increase states' share in Central taxes to 50%

He, however, said it is not just a demand for Telangana but for all states, ensuring a more coopera…

PTI   


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Economic Survey calls for urgent agricultural reforms; cites growth hurdles

The survey identified several key challenges, including balancing growth with food inflation manage…

PTI   


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6 mins read

Budget 2024-25: New tax regime sweetened by FM, hikes standard deduction to Rs 75,000

​More than two-thirds of taxpayers have availed of the new Income Tax regime, as per Nirmala Sithar…

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2 mins read

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…

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5 mins read

Budget 2024: How will long-term capital tax change your real-estate investments post-budget?

There has been a marginal increase in the basic tax exemption limit for LTCG. Previously, LTCG of u…

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4 mins read

Union Budget 2024-25 key highlights: Angel tax to be scraped

You can watch the presentation live on the official Youtube channels of the government. After her s…

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6 mins read

Union Budget 2024: A handy FAQ guide to decode the upcoming budget

​​​Weeks before the budget presentation, the finance minister also meets representatives from vario…

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2 mins read

Startups demand angel tax elimination, incentives on investments in upcoming budget

Startups in India have high expectations from this year's upcoming Union Budget. The early-age star…

ANI   


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1 min read

The door is slamming shut on a $50 billion tax loophole used by the superrich

The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 bill…

Geoff Weiss   


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3 mins read

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   


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4 mins read

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…

Cork Gaines   


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2 mins read

Biden wants a space tax on companies like SpaceX and Blue Origin that launch in the US

His budget proposal suggests rewriting the aviation excise tax structure so space companies pay the…

Marianne Guenot   


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2 mins read

Trump could face a $100 million tax bill after the IRS says he tried to write off the same losses twice on his Chicago skyscraper

In Trump's 2008 tax return, he reported that he lost up to $651 million on his Chicago tower projec…

John L. Dorman   


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2 mins read

A country just banned TikTok because it disrupts 'social harmony' and 'family structure'

Some Nepalese activists say the crackdown on social media is a government attempt to suppress free …

Polly Thompson   


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3 mins read

Tax man introduces ITR 1 and ITR 4 forms – Here’s what it means

The Central Board of Direct Taxes (CBDT) has revealed the Income Tax Return (ITR) Forms 1 and 4 for…

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2 mins read

Bullish on India; luxury car penetration expected to remain low till tax rationalisation: Audi

Audi expects growth of the luxury car market in India to moderate to low double digits in 2024 …

PTI   


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3 mins read

Budget 2024 expectations: From removal of security transaction tax to sovereign green bonds

The FY 2025 budget is around the corner and it is expected that Finance Minister Nirmala Sitharaman…

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4 mins read

How rich families use trusts that last as long as 1,000 years to save on taxes and benefit future heirs

With dynasty trusts, rich taxpayers can provide for 40 generations of heirs and shield assets from …

Hayley Cuccinello   


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1 min read

Centre seeks to amend GST Act to levy 28% tax on online gaming, casinos

The central government on Friday will seek the introduction and passage of the Central Goods and Se…

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2 mins read

Govt hikes windfall tax on domestic crude, reduces levy on export of diesel

As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notificatio…

ANI